Fiscal Times: Biden’s Stimulus: What You Need to Know Now
media mentionWhat you need to know about the $1,400 “stimulus checks”: Individuals earning less than $75,000 and couple making less than $150,000 are eligible for the full $1,400 relief payments, plus an additional $1,400 per dependent. The payments phase out completely for individuals who earn more than $80,000 a year and married couples earning more than $160,000. Payments would reach 86% of adults and 85% of children, including everyone in the bottom 60% of income earners, according to estimates from the left-leaning Institute for Taxation and Economic Policy. “People could start seeing the $1,400 stimulus payments hit their bank accounts within days of Biden signing the bill — which is expected to happen soon after the House votes on Tuesday,” CNN says.