It can be said that the second stimulus check is on its way. America has suffered a lot due to coronavirus pandemic. Its economy has been devastated. The plight of the people has entered a topsy-turvy land.
However, the second round of economic relief package will be distributed shortly. The eligible citizens can get up to $1200.
However, there is no official date for this economic relief package distribution to begin. The Senate will return from break on September 8.
Eligibility And Income Limit
The eligibility criteria are like follows.
1. A single US resident having an annual income equal to or less than $75,000 will gain full $1200 amount. As the income increases to $99000 economic package decrease.
2. The head of the family or the household, who earns equals to or less than $112,500 will get total $1200. As the income increases to $146,500, economical package decrease.
3. If a couple jointly files for the stimulus package and earn equal to or less than $150,000 will get a total $2400. When the income increases to $198,000, economical package decrease to zero.
However, the condition applies; they do not have any children.
Rescue Bill
IRS will send a letter through mails to The eligible candidates those who qualify for a payment. The money would be shipped in 15 days to the known address
Additionally, in May the IRS added 3,500 telephone representatives. This was to help needy people.
It’s high time you should know how to use your stimulus check-in the best way. You should save yourself from being scammed. Stay tuned to us to learn more about how to get your next financial relief.
