Biden’s Coronavirus Relief package
On Wednesday March 10, the House passed a $1.9 Trillion pandemic relief package. The following groups of people are eligible for the checks:
– $1,400 for a single taxpayer making less than $75,000 annually
– $2,800 for a married couple making less than $150,000 that files jointly plus $1,400/ dependent
– Dependents will also be receiving checks (students and disabled)
The Relief Package will also include:
– $50 billion in direct aid to small businesses
– Extending the $300 weekly federal boost to unemployment benefits through August.
– Expanding the child tax credit up to $3,600 per child.
– Up to $7,000 for COVID funeral reimbursements
– Free Cobra premiums
The first batch of payments is expected to go out before April 1. Tens of millions of direct deposit recipients could receive a check before April 1, followed by staggered start dates for physical checks and EIP cards.
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