Until now, the republicans and the democrats are struggling hard to come into a conclusion of the second stimulus package for the Americans. For the Covid-19 pandemic to help them out.
However great news in on its way. Buckle up folks; you will be getting a few extra dollars this time. However, the need for the second stimulus money is unparalleled.
President Mike Pence reinforced that the White House has started its discussion about the second stimulus payment.
Pence said, “Nobody wants to give direct payments to American families more than President Donald Trump; We sent those checks to American families. It helped people through this tough time.”
However, the number of needy people almost remains the same as the previous one.
Cash You Will Get!
According to the second stimulus check, individuals earning up to $75,000 will get their full payment, that is $1200.
However, the married couples, earning up to $150,000, will also get their full payment that is $2400.
But in the second stimulus package of few changes have been made.
That is the criteria of payments being “gradually reduced”.
The people or the individuals earning $99,000 or more and the married couples earning $198,000 or more have been totally phased out.
However additionally the individuals earning between $75,000 and $99,000 will get the money but less than $1200.
Similarly, the married couples earning between $150,000 and $198,000 will get less than $2400. Until the annual income reaches $198,000, the eligibility cash would be zero.
The total cap per family has been decided at $6,000. The previous age cap of children being at 17 has been taken off.
The stimulus cash for the dependents has been kept at $500.