Although Joe Biden unleashes an attack on Russia calling Vladimir Putin “murderer”, the United States does not lose sight of the pandemic and the economy. There are vaccines and refreshments as well.
The vaccines administered so far have been over 142 million and 111 million people received the first dose.
The vaccines are there and now the refreshments too.
The second mega package of refreshments or stimuli, as they are called here, worth 1900 trillion dollars, was approved a few days ago and have already started 90 million payments, totaling over $ 242 billion. As confirmed by the data communicated by the Treasury Department and the Internal Revenue Service.
The money sending covered more than 50% of the families included in the Covid-19 bill signed by President Joe Biden less than a week ago.
Most of these payments were sent directly on current accounts and all recipients will have the funds available immediately.
The government also mailed around 150,000 paper checks.
Other payment dispatches are expected for the next few weeks, always on current accounts, or with paper checks sent by post or through prepaid debit cards.
No American has to do anything to receive the money, and even those who receive benefits such as Veteran Affairs will receive them even though a large portion of them have no income.
The support, according to the White House, has a maximum ceiling of $ 1,400 per person and should reach 85% of families.
Families will also receive an additional $ 1,400 per household member. A couple with two children could receive up to $ 5,600. Unlike previous packages, families will also receive additional help for dependent adults over the age of 17.
The full amount will go to people earning less than $ 75,000 in gross income, heads of households (such as single parents) earning less than $ 112,500, and married couples earning less than $ 150,000. Payments gradually disappear as income increases.
This time, lawmakers have tightened payments so that not everyone who received a check with the first aid package will get one now.
Excluded from support are people who earn at least $ 80,000 a year in gross income, heads of households who earn a minimum of $ 120,000, and married couples who earn at least $ 160,000, regardless of the number of children they have.
The new income thresholds will be based on the taxpayer’s most recent return. If you have already filed a 2020 return by the time your payment has been submitted and processed, the IRS will base your eligibility on your 2020 gross income. information submitted via an online portal established last year for people who usually do not file tax returns.
If your income in 2019 was less than your salary in 2020, you won’t have to pay back any money. But if your income has gone down in 2020, filing your tax return now, before payments are made, could mean a bigger check.
Most people will get paid automatically. And this second mega aid package is a terrific starting point for the United States.