Second Round of Checks Expected In New Stimulus Package
With much of the country still dealing with the brunt of the COVID-19 pandemic, the government is once again proposing a stimulus package. The likelihood of you being in a position to benefit from that is almost exactly the same as the first stimulus package under the Cares Act in March.
With that said, and according to Forbes.com, a second stimulus check payout will likely be a key part of the new package, and that it will be paid to every person who makes less than $75,000 annually. According to Forbes.com, Treasury Secretary Steven Mnuchin confirmed that:
The amount of the second stimulus check in the proposal will be a one-time $1,200 stimulus check.
According to Forbes.com, if the second stimulus check is the same as the first stimulus check under the Cares Act, then the payout structure would look the same. There will be a one-time stimulus check up to $1,200 for each individual, $2,400 for married/joint filers, and up to $500 for dependents under age 17.
While most of the major details on how you would get your second stimulus are straightforward, we found a second stimulus check calculator below and link to even more info if you choose to investigate further.
Click the items below for more info about any of the following topics, per forbes.com:
- Unemployment benefits / return-to-work-bonus
- Payroll tax cut
- State and local aid
- Liability protections for businesses
- Student loan forgiveness
- Payroll Protection Program