April 11, 2021

Global News Archive

News archives from around the world.

Third stimulus checks: When you could get your $1,400 payment – WJW FOX 8 News Cleveland

1 min read

(WJW/AP) — Some people could see a stimulus check in their bank accounts as soon as this weekend.

The White House on Thursday said the $1,400 direct payments for most Americans funded by the American Rescue Plan will continue throughout the next several weeks.

The legislation provides a direct payment of $1,400 for a single taxpayer, or $2,800 for a married couple that files jointly, plus $1,400 per dependent. Individuals earning up to $75,000 would get the full amount, as would married couples with incomes up to $150,000.

The size of the check would shrink for those making slightly more, with a hard cut-off at $80,000 for individuals and $160,000 for married couples.

Most Americans will be getting the full amount. The median household income was $68,703 in 2019, according to the U.S. Census Bureau. Biden said payments would start going out this month.

The IRS website said it’s reviewing the tax provisions of the American Rescue Plan Act and to check back soon for more information on payments.

Source Link

Leave a Reply

Copyright ©2016-2021 Global News Archive. All rights reserved.