The bill has not quite passed but this is how much money you could get from the stimulus bill in response to the COVID-19 fiscal crisis that is looming in our horizons…
(CNN) – If you’re a single U.S. resident and your adjusted gross income is $75,000 or less, you will get a $1,200 check from the U.S. government.
The more you earn, the less you will get. You get nothing if you make $99,000 a year or more.
That’s based on the $2 trillion coronavirus outbreak stimulus bill that passed the Senate overnight Wednesday. The bill still must go through the House – a vote to pass it is expected Friday – and be signed into law by the president.
The income levels are based on tax returns for 2019. For those who have not yet filed their taxes this year, it will be based on 2018 returns.
For married couples, you will receive $2,400 if you make a combined $150,000 or less. People making above that will receive a lesser amount on a sliding scale up to people who make $198,000 or more, who will not receive money.
Parents with children may receive $500 per child, depending upon the age of the child. That also phases out for people with higher incomes – single parents who make $109,000 or more and couples making $208,000 or more will get nothing.
If you are on unemployment assistance, you will get another $600 per week on top of the amount your state already pays. That extra amount is available for up to four months.
Approximately 125 million people will receive a payment or about 83 percent of tax filers. We found an online stimulus payment calculator to help better predict your payment.
Through the CARES Act Texarkana has been awarded a $218,912 federal grant to help our community recover from the harsh economic realities of the novel coronavirus outbreak. Senator John Cornyn Press Release: “The coronavirus outbreak has hit
Latest on the Local effects from the Coronavirus in our area as of Wednesday April 1st. Tweet Share +1 LinkedIn Email
Courtesy of PixabayAs more test results come in, more confirmed cases of Coronavirus have been reported in Bowie County. Tweet Share +1 LinkedIn Email
Courtesy PixabayAccording to officials the count of confirmed cases of Coronavirus in Miller County is now at least seven. Tweet Share +1 LinkedIn Email
The Queen City Independent School District reports that a student has tested positive for COVID-19, the sickness caused by the novel coronavirus, SARS-coV-2. The district also informs the public that a QCISD staff member has been exposed
Courtesy of PixabayMiller County and Texarkana, Arkansas authorities are set to open their own Emergency Operations Center to deal with the local Covid-19 crises situation. Tweet Share +1 LinkedIn Email