Another round of COVID-19 stimulus checks are due to most Americans after Democrats successfully pushed through a $1.9T relief bill signed by President Biden last week.
When could Americans start seeing payments?
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President Biden signed the massive bill on Thursday, March 11. The White House said last Thursday that some could see payments as early as the weekend. (March 13-14), though most will likely see payments in the upcoming week. (March 15-March 19)
You will receive payments quicker if you’re set up for direct deposit with the IRS. Checks would likely be issued a few days later.
How to track stimulus payment
You can track your stimulus payment using the IRS Get My Payment tool right here.
Who is eligible for $1,400 stimulus payment?
The legislation provides a direct payment of $1,400 for a single taxpayer, or $2,800 for a married couple that files jointly, plus $1,400 per dependent. Individuals earning up to $75,000 would get the full amount, as would married couples with incomes up to $150,000.
The size of the check would shrink for those making slightly more, with a hard cut-off at $80,000 for individuals and $160,000 for married couples.
Most Americans will be getting the full amount. The median household income was $68,703 in 2019, according to the U.S. Census Bureau.
Income is based on your 2020 tax filing, or if you haven’t filed yet, your 2019 taxes. (AGI)
Related: Child tax credit changes in COVID bill: How much families can get
Unemployment aid
Expanded unemployment benefits from the federal government would be extended through Sept. 6 at $300 a week. That’s on top of what beneficiaries are getting through their state unemployment insurance program. The first $10,200 of jobless benefits would be non-taxable for households with incomes under $150,000.
Additionally, the measures provide a 100% subsidy of COBRA health insurance premiums to ensure that the laid-off workers can remain on their employer health plans at no cost through the end of September.