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Stimulus Check Update: Here s When You Can Expect Your $1,400 Check

Biden Calls for $1,400 Third Stimulus Checks as Part of $1 9 Trillion Relief Package

Biden Calls for $1,400 Third Stimulus Checks as Part of $1.9 Trillion Relief Package Kiplinger 2/4/2021 © Provided by Kiplinger A third stimulus check of $1,400 – that s what President Joe Biden is calling for in his $1.9 economic stimulus plan. This, when combined with the $600 second-round payments authorized last month, would bring the total post-CARES Act stimulus check relief to $2,000 per eligible person. (The CARES Act, which was enacted in March, provided first-round stimulus payments of $1,200.) President Biden also wants to expand eligibility for the additional payments that, for the first two stimulus checks, only went to families with dependent children under age 17. Under the president s plan, the additional payments would also go to all dependents, regardless of age. This would include children over 16 years of age, college students age 23 or younger, and elderly parents living with their adult children. Under Biden s plan, Americans who can claim these peopl

Would You Get a Targeted Stimulus Check?

Would You Get a Targeted Stimulus Check? Kiplinger 2/1/2021 © Provided by Kiplinger The latest battle over the next round of stimulus checks is whether they should be targeted to people who need them the most. President Biden s $1.9 trillion stimulus package includes a third round of $1,400 stimulus checks ($2,800 for married couples filing a joint return), but his plan doesn t call for changes to the phase-out rules that deny payments to wealthier Americans. That s a problem for many Republican lawmakers…and for a few key Democrats as well. Popular Searches Although some details are missing, Biden s stimulus check plan is similar to the CASH Act proposal that was passed by the Democrat-controlled House in December but blocked in the Senate by Republicans who control that chamber at the time (Democrats now control the Senate). The primary reason cited by Republicans for blocking the CASH Act was that it would have sent thousands of dollars to people who didn t reall

Republican Senators Propose Targeted $1,000 Stimulus Check Plan

Republican Senators Propose Targeted $1,000 Stimulus Check Plan Kiplinger 2/1/2021 © Provided by Kiplinger In an effort to reach a bipartisan COVID-relief plan, 10 moderate Republican senators are offering a more targeted alternative to President Biden s $1.9 trillion stimulus plan. An important piece of the Republicans counteroffer is a third-round of stimulus checks at $1,000 per eligible person ($2,000 for married couples). This is likely to fall short of the president s expectations, since his plan calls for $1,400 payments and many Democratic lawmakers want $2,000 stimulus checks. However, Biden agreed to meet with the Republican senators on Monday to discuss their entire stimulus plan, which at $618 billion is less than a third as costly as the president s plan.

How a Third Stimulus Check Could Differ From the First and Second Payments

How a Third Stimulus Check Could Differ From the First and Second Payments By Rocky Mengle of Kiplinger | There s no guarantee, but a third stimulus check certainly appears to be on the horizon. Many people thought the second-round $600 checks were too little, too late. As a result, the push for a third round of payments began before the law authorizing the second-round payments was even signed into law. And now that Democrats control both chambers of Congress and the White House, a third stimulus check almost seems inevitable. But there are a lot of open questions about third stimulus checks. For instance, President Biden wants your next stimulus check to be for $1,400, but progressives in Congress haven t given up on $2,000 checks. And how much will you get for your kids? Who will qualify? How will they be calculated? These are just some of the questions that will need to be answered as Congressional Democrats and the president hammer out an agreement that can withstand

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