The package—which Congress has yet to pass—includes funds for $600 in direct payments for single Americans making $75,000 or less (reportedly the income threshold will be $112,000 for heads of households and $150,000 for married couples filing jointly). Dependent children will qualify for a $600 payment as well — a family of four can expect to receive $2,400. Key BackgroundIn April, “glitches” and other problems prevented millions of Americans from receiving their stimulus money expeditiously. What To Watch ForCongress is racing to pass the behemoth spending bill and stimulus relief before the end of the year. Further ReadingCongress Reaches Agreement On $900 Billion In Stimulus Relief, Including Direct Checks, Unemployment Benefits (Forbes)

Source: Forbes December 21, 2020 15:11 UTC