How Much Stimulus Money Are We Getting?
The Government Has Issued a New Batch of $1,400 Stimulus Checks, Bringing the Total Number of Payments to Almost 167 Million, or About $391 Billion. This...
The government has issued a new batch of $1,400 stimulus checks, bringing the total number of payments to almost 167 million, or about $391 billion. This tranche included more than 1.8 million payments worth more than $3.5 billion. Most of the payments were prompted by tax returns recently processed by the IRS.
How much money will the stimulus check be?
We made the following assumptions based on the American Rescue Plan Act of 2021: That the maximum “top-up” stimulus payment for adult and child dependents under the age of 17 is $1,400. That adult dependents, who were left out of previous rounds of stimulus checks, will receive up to $1,400.
How much are we getting on the second stimulus check?
The second stimulus checks for the COVID-19 relief package are set to total $600 per person, with phase outs based on adjusted gross income limits that are similar to the first relief package. Families also get additional $600 payments for each qualifying dependent under age 17.