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What is the cap on stimulus checks? (Original Post) iemanja Feb 2021 OP
I think $1400 per adult? Elessar Zappa Feb 2021 #1
I meant income cap iemanja Feb 2021 #2
75k 3Hotdogs Feb 2021 #3
it has not been changed since last round of checks drray23 Feb 2021 #4
Unknown until Senate's version is approved by House. SmartVoter22 Feb 2021 #5

iemanja

(53,003 posts)
2. I meant income cap
Sat Feb 27, 2021, 10:59 AM
Feb 2021

I just found this in the Times

The plan would provide $1,400 direct payments to individuals earning up to $75,000 a year and to couples earning up to $150,000. It would also expand a weekly federal unemployment benefit that is set to lapse in mid-March, increasing the payments to $400 a week from $300 and extending them through the end of August. It would increase the child tax credit; provide more than $50 billion for vaccine distribution, testing and tracing; and allocate nearly $200 billion to primary and secondary schools and $350 billion to state, local and tribal governments.


https://www.nytimes.com/2021/02/26/us/politics/minimum-wage-stimulus-democrats.html



3Hotdogs

(12,210 posts)
3. 75k
Sat Feb 27, 2021, 11:11 AM
Feb 2021

I just made it under.

I got dinged on the first one... I won $19k at a slot machine which reduced my stim check by a couple’s hundred.

I still came out ahead.

drray23

(7,587 posts)
4. it has not been changed since last round of checks
Sat Feb 27, 2021, 11:16 AM
Feb 2021

75,000 for a single person or 150,000 for couple filing jointly, after that it tapers off to go to zero at 200,000 for couples or 150,000 for individual.

SmartVoter22

(639 posts)
5. Unknown until Senate's version is approved by House.
Sat Feb 27, 2021, 11:35 AM
Feb 2021

Once the Senate votes on it's final version, that gets sent back to the House for it's final approval.
IF, and I MEAN IF... it does pass both houses and is approved. That is where the actual final cap number is declared.

It has to be law to exists, everything up to that point, is speculation.

It's always reliant on the legislative process of approval.

That will be a big news day for it, so all I can suggest is keep watching in DU and your national newspapers.

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