The next round of stimulus checks will very likely not be going out to as large a crowd as the first two rounds of payments did.
In an effort to “find bipartisan ground” with Republicans, President Joe Biden has indicated interest in targeting $1,400 payments to only those making less than $50,000 per year. The last two rounds of stimulus payments were eligible to those who made $75,000 or less.
The exception would be for those who claim head of household on their taxes. Those individuals will be able to earn up to $75,000 per year and still receive the full, $1,400 that was promised on the campaign trail.
It’s unclear at this point at what salary-point the stimulus checks would phase out fully. At this point, it’s said that plans are being drawn up around the $50,000 plan.
Meanwhile, the new plan seems to give even more to those with children. Each child dependent that parents have would mean $1,400 more each. A married couple with three kids would receive approximately $7,000.
It’s not clear at this point how soon the bill would be moved through Congress, if this is the direction they intend to go.
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