Exciting News: We are now on Telegram and BAND
Never miss a deal! Get all the newest deals sent via Text
President Biden has just signed the COVID-19 relief package which includes $1,400 stimulus checks. According to NBC News, under the American Rescue Plan people can expect to start seeing direct deposits hit their bank accounts as early as this weekend. Payments to eligible Americans will continue throughout the course of the next several weeks. Most Americans will receive the payments via direct deposit. Those who do not will receive a paper check or debit card in the mail, but this will take some time.
Under the new law, here are the eligibility requirements:
- Individuals who make less than $75,000 or heads of households who make less than $112,500 will get the full $1,400.
- For couples who file jointly, both would qualify for the full amount ($2.800 total) if they make up to $150,000 jointly.
- Individuals who make $75,000 to $80,000 would still get checks, but they would be less than $1,400. The same goes for heads of household making $112,500 to $120,000 and couples making $150,000 to $160,000.
In addition, parents would get up to $1,400 more in stimulus funds for every child on their tax returns. That includes adult children, like college students, and those with permanent disabilities, unlike last year’s stimulus payments.
The IRS will use tax returns on file to calculate how much money you will get. If you have already filed a tax return for 2020, your check will be based on your income from last year. If not, they will use your 2019 tax return.
To read more about what’s in the American Rescue Plan, go here.
Source: NBC News
Get a copy of the book How to Shop for Free
Sign up for our Email List so you never miss a deal
Never miss a freebie again! Join our “Free Free Free” Facebook Group today!
..and you can find freebies in our “Free Samples and Freebies” forum as well 😉
You’re never far from a freebie here at How to Shop for FREE®
Looking for a place to order coupons in bulk? Check out Daily Dimes for all your clipping service needs!