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Coronavirus Relief Package

Coronavirus Relief Package
Coronavirus Relief Package

A bipartisan moment in Washington, as the White House and Congress have reached a deal for a two trillion dollar stimulus package, aimed at helping mitigate the fall out of the coronavirus pandemic.

It includes direct payments to taxpayers.

Here are the numbers.

Almost every American will get an electronic deposit of $1200 based on last year’s or this year’s tax return.

Couples filing jointly will receive $2400.

$500 for each qualifying child.

Individuals making more than $75,000 a year and joint filers making more than $150,000 will receive less than $1200 and $2400 amounts.

The bill does allow for other means of delivery than direct deposit – allowing taxpayers to change how they receive the money.