Will There Be A Second Stimulus Check Headed Your Way?
Have you heard? There may be a second round of stimulus checks headed your way soon.
I got my first round stimulus check pretty quick but there is talk of a second round of checks. In the last package, most Americans received $1700 per household this time; they're talking about up to $2100 per family, which is like a dream come true to most people.
According to a story on Cnet.com, ideas are being thrown out about $1200 for each child and $500 credit stimulus for a college student in the family. Another perk to this proposed package is that low to middle-income families would be eligible to receive these benefits as well as people who are married to immigrants.
The biggest thing about the possibility of a second stimulus check is to make sure the people the most in need are reached, which means the focus of who gets the money is very specific.
According to the Cnet story the following people will be eligible for a second stimulus check:
A single taxpayer with an adjusted gross income under $99,000 as noted in your 2019 tax return.
Families of up to five people.
College students, dependents over 17, disabled relatives and a taxpayer's parent.
People who aren't US citizens and file tax returns, pay taxes, and otherwise comply with federal tax law using an individual taxpayer identification number (ITIN) instead of a Social Security number.
If it does pass and we will get another check it could be late August to early fall before most of us will see them.