With the COVID-19 epidemic still raging across America, people are wondering when their third provocation investigation will take place. People are in dire need of more money due to rising unemployment and closure of businesses across the country. So when can you expect this check? Here we know everything that is about the new relief package.
On Saturday, President Joe Biden took a step further to pass his proposed $ 1.9 trillion stimulus bill, which included a $ 1,400 check for most Americans. The package will also give billions of dollars to important causes suffering from the epidemic, such as schools, local government, and various businesses. The bill is now in the final stages of negotiations, and is currently chairing the House for another vote.
Are you eligible for the third stimulation check?
According to the language in the bill, most Americans will be eligible for a third incentive check. For a single taxpayer, the payment would be $ 1,400, and for a married couple who jointly file their taxes, the payment would be 2,800. Those who make less than $ 75,000 are eligible for a full check, as well as married couples who make less than $ 150,000.
While this bill is flexible, those who are making more than likely will not see the full amount. The bill would be cut on individuals who make more than $ 80,000, and couples who make more than $ 160,000. However, according to the US Census Bureau in 2019, most people do not fall into these categories; The average income for that year was $ 68,703.
When will the money start coming in?
As people eagerly await their third provocation investigation, it seems that it is finally here. Senate Majority Leader Chuck Schumer recently said his temporary goal is to get legislation on Joe Biden’s desk by March 14. As Biden has already stated with the intention of signing the package, it seems as if the rest of the process will go smoothly (fingers crossed!).
And, luckily for us, the devil works fast, but the IRS works fast. Once the bill is signed, payment can begin within several days. So, as soon as possible, do not forget to check your bank accounts on 15 March. You may be in for an exciting surprise!
Will unemployment benefit change?
Currently, the Senate and the House are divided over their hopes for the future of unemployment. The Senate intends to continue offering $ 300 per week in employment benefits through September 6, 2020, while the House intends to give $ 400 a week until August 29.
It is also a couple unemployment programs in question, which are helping people to live in the midst of this economic crisis. The Epidemic Unemployment Assistance Program benefits independent contractors, gig workers, and freelancers. The Epidemic Emergency Unemployment Compensation Program, on the other hand, increases the amount of money given to those already receiving unemployment.
If the current profit is not increased through these important programs, then according to the Century Foundation, about 11.4 million people will start seeing their cash flow decrease as early as next week.
Biden on Saturday emphasized the importance of a third stimulus check to journalists at the White House, as well as expanded benefits: “The nation has been suffering too much for a very long time.” And everything in this package is designed to give relief to the victims and to meet the most urgent needs of the nation, and to put us in a better position. “
Though nothing has been finalized yet, it seems that things are moving in the right direction. Hopefully a third incentive check will place us on the path leading to the light at the end of the tunnel.