March 4, 2021

Yahoo! Finance: New stimulus check thresholds would leave 12 million adults without payments

Narrower income requirements for the next round of stimulus checks would mean 11.8 million fewer adults and 4.6 million fewer children would get payments compared with an earlier version of the relief bill that passed the House last week, according to estimates by the Institute on Taxation and Economic Policy.

The Senate version of the deal reportedly further targets the stimulus checks by phasing out the payments sooner and has the support of the White House.

“For most people, the stricter income limits proposed in the Senate does not make a difference,” Steve Wamhoff, director of federal tax policy at ITEP, told Yahoo Money. “For the bottom 60% of Americans, the folks who really need help, there would be basically no difference at all.” read more

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