Biden Agrees to Limit $1,400 Stimulus Check Eligibility
- 3 years ago
Biden Agrees to Limit $1,400 Stimulus Check Eligibility.
Senate Democrats reportedly struck a deal with the president which would allow fewer people
to receive $1,400 stimulus checks.
Individuals and couples who make up to $75,000 and $150,000, respectively, will still get the full amount.
Payments will then reduce and be cut off at $80,000
for individuals and $160,000 for couples.
Previously, the cutoff amounts were $100,000 for individuals and $200,000 for couples.
Taxpayers filing as head of household will be eligible for the full amount if they make less than $112,500, with payment zeroing out at $120,000.
$400-per-week federal unemployment benefits are expected to remain.
The Democratic-controlled Senate could hold a final vote by the end of the week
Senate Democrats reportedly struck a deal with the president which would allow fewer people
to receive $1,400 stimulus checks.
Individuals and couples who make up to $75,000 and $150,000, respectively, will still get the full amount.
Payments will then reduce and be cut off at $80,000
for individuals and $160,000 for couples.
Previously, the cutoff amounts were $100,000 for individuals and $200,000 for couples.
Taxpayers filing as head of household will be eligible for the full amount if they make less than $112,500, with payment zeroing out at $120,000.
$400-per-week federal unemployment benefits are expected to remain.
The Democratic-controlled Senate could hold a final vote by the end of the week