May 15, 2020

Forbes: 4.3 Million Adults Eligible For Two $1,200 Stimulus Checks If HEROES Act Passes

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The Institute On Taxation and Economic Policy (ITEP) estimates that over 4.3 million adults, as well as 3.5 million children, would benefit from this change in eligibility. The organization calculated that ITIN filers would receive over $9.4 billion in direct economic relief from the new economic impact payments. Moreover, the retroactive clause would mean disbursement of an additional $7 billion in aid. The states with the most impacted individuals would be California and Texas, which have 1.2 million and 630,000 adult ITIN filers, respectively. Read more



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