Will you get a check from the $2 trillion stimulus bill?

Will you get a $1,200 check from the $2 trillion stimulus bill? Depends on how much money you make
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Not everyone will be getting a $1,200 stimulus check from the $2.2 trillion relief bill known as the Coronavirus Aid, Relief and Economic Security Act, which President Trump signed Friday. Millions of Americans are slated to receive $1,200 checks as part of a $2 trillion stimulus deal — but there’s a cutoff determining who’s eligible for the money. People making over $99,000 and married couples making above $198,000 will not be receiving the payments, according to an analysis of the bill released earlier this week. See: The best way to spend your $1,200 stimulus check, according to financial advisers The earnings limit is $146,500 for people who file their taxes as “head of household.” The head of household status means a person is unmarried, paying for more than half of a household’s expenses and claiming at least one dependent The Coronavirus Aid, Relief and Economic Security Act, which President Donald Trump signed into law Friday, says taxpayers making up to $75,000 in adjusted gross income will receive $1,200 checks, and $500 for each child. The same rules apply for married couples who file returns under $150,000. Above that threshold, the money starts to phase out. The rebate decreases by $5 for every $100 by which a taxpayer exceeds the threshold, according to an analysis from the office of Sen. Charles Grassley of Iowa, whose Republican Party controls the chamber. (The bill unanimously passed the Senate on Wednesday and it passed the Democrat-controlled House of Representatives in a voice vote […]

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