Some could see $1,400 payments this weekend – Community News
Stimulus Check

Some could see $1,400 payments this weekend

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

A Congress Torn Along Party Lines passed a landmark $1.9 trillion COVID-19 relief bill on Wednesday, as President Joe Biden and Democrats claimed victory over a bill that regulates government spending against a twin pandemic and economic crises that have rocked a nation.

More: Biden Signs $1.9 Trillion Relief Bill Before Addressing Nation

The House gave final congressional approval to the sweeping package by a near 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 lawmakers have opposed the package as bloated, crammed with liberal policies and heedless of signs that the crises are abating.

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Biden signed the bill at the White House on Thursday afternoon.

When could Americans start seeing payments?

President Biden Signed the Huge Bill on Thursday, March 11, which means payments should begin in the next few days.

Based on the IRS timetable of the last round of payments, payments can begin within a few days of passage. Payments should therefore start at the beginning of next week at the latest. The IRS has not confirmed a timeline.

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

You will receive payments faster if you are set up for direct deposit with the IRS. The checks would probably be issued a few days later.

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

The legislation provides for an immediate payment of $1,400 for a single taxpayer, or $2,800 for a married couple applying together, plus $1,400 per dependent. Individuals earning up to $75,000 get the full amount, as do married couples earning up to $150,000.

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

Most Americans get the full amount. According to the US Census Bureau, the median household income in 2019 was $68,703.

Income is based on your 2020 tax return or, if you have not already done so, your 2019 tax return (AGI)

Related: Child tax credit changes in COVID bill: how many families can get

unemployment aid

Extended federal government unemployment benefits would be extended to $300 a week through Sept. 6. That’s in addition to what beneficiaries get through their state unemployment insurance program. The first $10,200 in unemployment benefits would be non-taxable for households with incomes less than $150,000.

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In addition, the measures provide for a 100% subsidy of COBRA health insurance premiums to ensure that the laid-off employees can remain on their employer’s insurance policy until the end of September free of charge.

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

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