Some could see $ 1,400 payments before this weekend
Some could see $ 1,400 payments before this weekend

Some could see $ 1,400 payments before this weekend

Congress has approved another round of stimulus checks for most Americans this month – here’s what you need to know.

A congress divided along party lines approved a landmark $ 1.9 trillion COVID-19 relief bill Wednesdaywhen President Joe Biden and the Democrats claimed a triumph over a bill that pits the government’s consumer power up against the twin pandemic and economic crises that have rocked a nation.

More: Biden signs an emergency relief bill of $ 1.9 million before speaking to the nation

The House gave final congressional approval to the comprehensive package with an almost party line 220-211 vote, exactly seven weeks after Biden entered the White House and four days after the Senate passed the bill without a single Republican vote. GOP legislators opposed the package as inflated, crammed with liberal policies and unnoticed signs that the crises are easing.

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Biden signed the bill Thursday afternoon in the White House.

When could Americans start seeing payments?

President Biden signed the massive bill on Thursday, March 11, which means payments should begin in the coming days.

Based on the IRS time frame from the last payment round, payments could begin within a few days of passage. So payments should begin no later than the beginning of next week. The IRS has not confirmed a timeline.

The White House said Thursday that some could see payments already this weekend.

You will receive payments faster if you are set for direct payment with the IRS. Checks will likely be issued a few days later.

Who is eligible for the $ 1,400 stimulus payment?

Legislation provides a direct payment of $ 1,400 for a single taxpayer or $ 2,800 for a married couple filing a joint application, plus $ 1,400 per year. Individuals earning up to $ 75,000 will receive the full amount, as will married couples with incomes of up to $ 150,000.

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The size of the check would shrink for those earning a little more, with a hard cut-off of $ 80,000 for singles and $ 160,000 for married couples.

Most Americans will get the full amount. The average household income was $ 68,703 in 2019, according to the U.S. Census Bureau.

Income is based on your 2020 tax return, or if you have not filed yet, your 2019 tax. (AGI)

Related: Changes in child tax deductions in the COVID bill: How much can families get

Unemployment benefits

Extended unemployment benefits from the federal government would be extended to Sept. 6 to $ 300 a week. It is on top of what the beneficiaries get through their state unemployment insurance program. The first $ 10,200 of unemployment benefits would be non-taxable for households with incomes below $ 150,000.

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In addition, the measures provide a 100% subsidy of COBRA health insurance premiums to ensure that the laid off employees can remain on their employer’s health plans at no cost until the end of September.

Copyright 2021 by WDIV ClickOnDetroit / Associated Press – All rights reserved.

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