Congress and the White House have reportedly agreed on a $2 trillion stimulus bill that includes direct payments to Americans. So what kind of payments can we expect? The bill includes payments of $1200 for single adults, $2400 for married couples, and $500 for each child under the age of 17. Everyone who earns less than $99,000 per year will qualify – about 90 percent of Americans. Those who earn more than $75,000 per year will see reduced payments. As for how soon the checks will be sent out, it could be anywhere from two to six weeks – likely faster for those who have filed their taxes electronically.
The White House and Senate leaders struck a major deal early Wednesday morning over a $2-trillion package to provide a jolt to an economy struggling amid the coronavirus pandemic. Here's what it would do: https://t.co/C122THSkh5 pic.twitter.com/p3anjZULtB
— CNN (@CNN) March 25, 2020
