The House is set to vote Tuesday on President Joe Biden’s $1.9 trillion COVID-19 relief plan after the Senate narrowly approved the package over the weekend.
Following weeks of roadblocks and marathon debates, the bill is poised to become law before March 14, when the current federal boost to unemployment benefits expires for millions of Americans.
Under the plan, millions of Americans would receive $1,400 stimulus checks. The relief package would extend badly needed jobless aid to Sept. 6 and continue to offer recipients an extra $300. The stimulus would also include funding for state and local governments, tax credits for families and it would boost government spending on COVID-19 testing and contact tracing.
Here’s what is in the stimulus package:
Who qualifies for another stimulus check?
The payments would amount to $1,400 for a single person or $2,800 for a married couple filing jointly. Individuals earning up to $75,000 would get the full payments, as would married couples with incomes up to $150,000. Payments would decline for incomes above those thresholds, phasing out above $80,000 for individuals and $160,000 for married couples.
When would stimulus checks be sent?
If the bill is signed into law by March 14, the first direct deposits may start hitting bank accounts the week of March 22 and paper checks may be sent out the week of March 29, based on prior relief plans.
If a taxpayer doesn’t file their 2020 tax returns before Congress passes the relief…