Most people stashed the money in savings or used it to pay off debt,On Sunday, December 27,
on a $900 billion coronavirus relief package that includes additional $600 stimulus checks for many Americans. Treasury Secretary Steve Mnuchin has previously said he expects checks to start reaching Americans before the end of the year.Will there be a second stimulus check?and sent it to the president, who signed it into law on Sunday night.
The $900 billion relief package authorizes $600 stimulus checks for adults under certain income limits, plus $600 for each child. of up to $75,000 are eligible for the full $600 payment, decreasing in increments as income rises until $87,000, when the payments phase out completely. In the first round of stimulus checks, payments phased out at $99,000.
People who file taxes as heads of household who earn up to $112,500 are eligible for the full $600 payment. The payments phase out completely at $124,500. In the first round of stimulus checks, payments phased out at $136,500. Married joint filers with an AGI of up to $150,000 are eligible to receive a total of $1,200. Payments for married couples phase out at $174,000. In the first round of stimulus checks, payments phased out at $198,000.that stimulus payments could reach Americans' bank accounts before the end of the year. Distribution can happen swiftly since the necessary channels are already in place from the last round of relief.
I don’t think they’d cover rent anywhere.