Stimulus check who will get it


 If the HEALS Act is passed as written, 26 million more people could qualify for a stimulus check, according to the Tax Foundation.

Under the CARES Act, approximately 159 million Americans received an economic impact payment, according to CNBC. Taxpayers received only $500 for child dependents up to age 17, and Americans age 17 and over were not eligible to receive a $1,200 check. Under the HEALS Act, however, citizens will receive the additional $500 for dependents of any age, CNBC reported.


The Stimulus Check Structure Is Otherwise the Same as the CARES Act

Apart from including the millions of college students and disabled dependents who were not included under the CARES Act, the HEALS Act follows the same structure. That means that payments will be based on 2018 or 2019 filings, and $1,200 would be issued for those earning up to $75,000 and $2,400 for couples earning up to $150,000.

While the cost of the bill has not been revealed, it is estimated to come in at around $1 trillion, NPR reported.

Stimulus check who will get it Stimulus check who will get it Reviewed by Anson Moore on July 29, 2020 Rating: 5

No comments:

Powered by Blogger.