Just because you got a coronavirus stimulus check in the first time, doesn’t mean you’ll get one this time.
After leaving the nation on a holiday cliffhanger, President Donald Trump signed a $900 billion pandemic relief package – Congress approved the deal after months of tough negotiations. Things were nearly cocked-up after the president made a late demand for $2,000 relief checks – an apparent non-starter with the majority of Republicans.
The stimulus gives most adults a $600 one-time payment, plus $600 per dependent child under age 17. In a Dec. 21 interview, Treasury Secretary Steve Mnuchin said stimulus payments could be expected a few days after the bill passes. Those who received first-round checks by mail should sign up for direct deposit if eligible to get paid quicker.
The size of the checks means not everyone who got one in spring will be included in this round. If your 2019 reported income was $75,000 or less you are eligible. Couples with an adjusted gross income up to $150,000 get $1,200. If you reported earning more than $75,000, you are eligible to receive partial payments that drop by $5 for every $100 above the income limits.
There is one major change this time around – households in which one spouse doesn’t have a Social Security number, but others do, are eligible for a check. Under the CARES Act, some households were disqualified if a member didn’t have a Social Security number.