Everything Taxpayers Need To know About Second Round of Coronavirus Stimulus Checks
By NBC News // December 29, 2020
Taxpayers will also receive an additional $600 for each child under age 17
ABOVE VIDEO: Three ways the new stimulus checks are different from the CARES Act payments.
(NBC) – Congress passed a nearly $1 trillion coronavirus relief bill that includes another round of stimulus payments for many taxpayers.
The slimmed-down checks are worth $600 for individuals earning up to $75,000 and couples earning $150,000, half the value of the first round of checks issued under the Coronavirus Aid, Relief and Economic Stability, or CARES, Act.
Taxpayers will also receive an additional $600 for each child under age 17.
Many Americans and economists have said that a one-time $600 payment is not enough to make up for months of missed rent and other bills.
CLICK HERE to calculate how much stimulus money you will receive