1 GIF That’s right, after days of deliberation the federal government has decided to send stimulus checks to Americans in order to he...
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That’s right, after days of deliberation the federal government has decided to send stimulus checks to Americans in order to help them and the economy during the coronavirus crisis. The $2 trillion stimulus package will be the largest emergency aid package in US history.
Here’s a breakdown of how much you could be getting:
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Individuals who earn $75,000 or less a year will be eligible for the full $1,200 check.
Reduced checks will go out to individuals making up to $99,000 a year (the payment amount falls by $5 for every $100 in income above $75,000).
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Married couples are eligible for a $2,400 check as long as their adjusted gross income is $150,000 or less a year.
Reduced checks will go out to married couples who earn up to $198,000 (using the same sliding scale described above).
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Married couples will also receive an additional $500 for every child under 17.
Single parents can make up to $112,500 a year and still receive the $1200 check, plus $500 for each child. Reduced checks (on the same sliding scale as above) are available for single parents earning up to $136,500 a year.
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