However, more dependents will be considered eligible for these additional $500 payments in the second round. On top of that, like the first round of stimulus checks, families can again receive up to $500 payments for each eligible dependent. In the sections on new stimulus checks and eligibility, the summary explains that income thresholds will be the same as the first time around: American citizens and resident taxpayers with adjusted gross income up to $75,000 if filing as individuals, or up to $150,000 for married couples filing jointly, can expect to receive $1,200 per adult. Chuck Grassley (R-IA), released a summary of new legislation introduced by the GOP focused on coronavirus relief for workers, families, and employers. On Monday, July 27, the Senate Committee on Finance, led by Sen. Second Stimulus Check Update: Changes That Affect How Much You Get Without a deal in Congress or some temporary provisions, special federal unemployment payments of $600 per week expired on Friday, July 31 - and, obviously, no new stimulus checks have been issued. But Democrats are blocking it all," McConnell said. A trillion dollars for kids, jobs, and healthcare. “It has now been more than a week since Senate Republicans released a serious proposal for another major rescue package.
On Tuesday, August 4, Senate Majority Leader Mitch McConnell (R-KY) released a statement, unsurprisingly blaming Democrats for the holdup with the legislation. House Speaker Nancy Pelosi (D-CA) told CNN this week that Democrats are still pushing for a much bigger stimulus package - $3.4 trillion in funding - than the one proposed by Republicans (about $1 trillion). "I'm not optimistic we'll reach any kind of comprehensive deal," White House Chief of Staff Mark Meadows told reporters on Wednesday, July 29. More than a week after the GOP introduced its proposal, officials from all sides of the political spectrum said they were skeptical an agreement would be worked out soon. It has not been debated or voted on by Congress, it's not yet law, and the exact terms for stimulus check amounts and eligibility could change if and when the time comes around that it's approved and enacted by the federal government. But first, bear in mind that the recently introduced GOP proposal is just that - a proposal. A recent death in the family or a significant change in your income over the past two years could also affect how much you receive in the next stimulus check.īelow are more of the specifics. This means that dependents age 17 and over - including millions of college students - would be eligible for $500 each. This time, though, in what's being called the HEALS Act (Health, Economic Assistance, Liability Protection and Schools), there are no age restrictions for dependents in the proposal.
The first stimulus checks, issued as part of the monumental $2 trillion CARES Act, gave a maximum amount of $1,200 per adult and $500 for each eligible child who was under age 17 and claimed as a dependent on one's most recent tax return. Hawaii Alaska Florida South Carolina Georgia Alabama North Carolina Tennessee RI Rhode Island CT Connecticut MA Massachusetts Maine NH New Hampshire VT Vermont New York NJ New Jersey DE Delaware MD Maryland West Virginia Ohio Michigan Arizona Nevada Utah Colorado New Mexico South Dakota Iowa Indiana Illinois Minnesota Wisconsin Missouri Louisiana Virginia DC Washington DC Idaho California North Dakota Washington Oregon Montana Wyoming Nebraska Kansas Oklahoma Pennsylvania Kentucky Mississippi Arkansas Texas Open an Account Today
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