To find out how much you can expect, enter some basic information into the American Rescue Plan calculator. For this reason, it’s possible that the eligibility and amount criteria laid out above could remain the same in the final legislation.But if you earn somewhere between $75,001 and $80,000 ($150,001 and $160,000 for married couples, respectively), or have dependents, you may not know how much money you actually qualify for.Įven if you received the first $1,200 stimulus check and the second $600 stimulus check, the proposed eligibility requirements have changed a lot this time around. People without social security numbers, people who file their taxes with TIN numbers, people in prison, and otherse will be among the exclusions.Īlthough Democrats have previously pushed for a higher amount and more expansive eligibility requirements with the next stimulus payment (the HEROES Act, for example, offers more money to a greater amount of people), there haven’t been many comments made by either camp about disagreements regarding stimulus checks during last week’s negotiations. People who were excluded from the CARES Act will likely be excluded from the HEALS Act, barring any major negotiations or concessions between Republicans and Democrats in Congress.
Joint filers who earn less than $150,000 a year will get the full benefit.Single filers who earn more than $75,000 will see their payment amount reduced by 5% of the amount they earn over $75,000, up to $99,000 as the cutoff point.Single filers who earn $75,000 or less annually will get $1,200.The general structure of the stimulus check amounts, as established in the CARES Act, is: It’s called the HEALS Act (Health, Economic Assistance, Liability Protection & Schools Act) and includes an identical stimulus check proposal as the first one, which came from the CARES Act in March.Įligibility for a second round of stimulus payments will be based on your most recent adjusted gross income. The latest stimulus package was revealed by Senate Majority Leader Mitch McConnell at the end of July. The American people are hurting and Congress should have their backs. The coronavirus will not care if Washington Democrats decide it suits their partisan goals to let relief run dry. The coronavirus does not care that we are divided. What’s on the Table With the Current Stimulus Check?
He said in part, “My administration continues to work in good faith to reach an agreement with Democrats in Congress to extend unemployment benefits, provide protections against evictions…tragically Nancy Pelosi and chuck Schumer continue to exist with radical leftwing policies that have nothing to do with the China virus.” In a press conference on August 7, President Trump listed the numerous things he plans to accomplish via executive order the second round of stimulus payments was not on that list.
Treasury Secretary Steve Mnuchin told reporters that Republicans offered a compromise on unemployment benefits, but Democrat lawmakers didn’t take the compromise. According to Forbes, lawmakers couldn’t agree on the topics of enhanced unemployment benefits, and aid to state and local governments. If Congress can’t come to an agreement and eventually ends up going on summer break, then Americans should expect their next stimulus payment to come no earlier than mid-September.Īs for what’s causing the stall in negotiations, there seem to be many factors. He also didn’t clarify what would happen if the negotiations continued to stall throughout the next week. McConnell did not provide a timeline for the next round of negotiations. He said, “We’ll certainly be in next week. Senate Majority Leader Mitch McConnell confirmed this delay to reporters earlier this week. This break has been delayed for some lawmakers, though, so that a consensus for the stimulus package can be reached. Summer break for many lawmakers was supposed to start on Saturday, August 8, and go on for several weeks. We call upon the White House’s negotiators to join us once again at the negotiating table today to secure a bipartisan agreement to put children, families and workers first.