Coronavirus Stimulus Money Timeline

At that time treasury secretary steven mnuchin told cnbc that people are going to see this money at the beginning of next week meaning the week of dec.

Coronavirus stimulus money timeline. Here s what we know about the timeline. Congress approved the new 900 billion coronavirus relief bill that includes 600 stimulus checks for eligible americans and their dependent children under the age of 17 on dec. The coronavirus aid relief and economic security act also known as the cares act is a 2 2 trillion economic stimulus bill passed by the 116th u s.

The reason people care so much about direct deposit versus mail with stimulus money is that the direct deposit option will allow them. The bill which included 900 billion in measures meant to help with the coronavirus pandemic directed 600 stimulus payments to single people making 75 000 and less or 1 200 to married. This round will be 600 compared to.

Your timeline will likely speed up. Here s the potential timeline the package provides 600 direct payments to individuals making up to 75 000 per year. 1 200 for couples making up to 150 000 per year and 600 per child.

The house of representatives will prepare to vote on a covid 19 relief bill which is widely expected to contain a third stimulus check for up to 1 400 per person as early as the week of feb. Those who earn more than 75 000 but less than 99 000 will receive money as well but the amount will be reduced by 5 for every 100 they make over 75 000 according to the irs. President joe biden has already.

One of president biden s top priorities is pushing out covid 19 relief fast and that includes a third stimulus check.