The President's Stimulus Package

In the largest economic stimulus measure in modern history, the federal government would authorize direct payments to tax payers in the United States (U.S).

All U.S. residents with adjusted gross income up to $75,000 ($150,000 for married couples) would get a $1,200 ($2,400 for couples) “rebate” payment. They are also eligible for an additional $500 per child. The payments would start phasing out for earners above those income thresholds and would not go to single filers earning more than $99,000; head-of-household filers with one child, more than $146,500; and more than $198,000 for joint filers with no children.

Here is a link to help families understand the stimulus program and how they may calculate their payment.

https://www.washingtonpost.com/graphics/business/coronavirus-stimulus-check-calculator/?itid=hp_ed-picks_calculator-0326%3Ahomepage%2Fstory-ans

 





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