How to watch the Democratic National Convention 20202021 Ram TRX revealGhost of Tsushima adding co-op multiplayerStimulus bill negotiationsVerizon updates 5G plansGoogle Meet vs. Hangouts
Stimulus check requirements: Here's everyone who could qualify for a new relief bill -- or not
Talks on a new stimulus package are still up in the air, as are the final parameters to qualify for a second payment. Here's the situation today, and who may be able to get another $1,200.
Congress hasn't formally settled on who would meet eligibility requirements to receive a second stimulus check.
Sarah Tew/CNET
Talks to pass another rescue package incorporating a second stimulus check for up to $1,200 haven't yet resumed, leaving the eligibility requirements to receive more money up in the air. We aren't likely to know much more until the two sides strike a deal.
"We have to come to that agreement now," Speaker of the House Nancy Pelosi said on Tuesday.
The House of Representatives is set to reconvene after this week's Democratic National Convention to specifically address recent developments at the Post Office, and it is unclear what priority resuming stimulus talks will have. Negotiators seem willing to pick up the debate, but the Senate remains in recess until after Labor Day.
The proposals the Republican and Democratic leaders have each presented -- which build off the first round of stimulus checks -- offer the only current clues we have for who qualifies for another round of direct payments. Here's what we can piece together today. This story updates as news develops.
Who might qualify for the second stimulus check
While we won't know for certain who will qualify for a new stimulus payment until legislation is passed, we can draw from the first stimulus check's eligibility requirements to get an idea of who may or may not get a second check, including the income limits and number of dependents.
Both sides are using adjusted gross income, or AGI, to determine the payment amount for individuals and families, which would cap at $1,200 for individuals and $2,400 for married couples.
WHO MIGHT QUALIFY FOR THE NEXT STIMULUS CHECK
| Qualifying group | Likely in final bill | Unlikely in final bill |
|---|---|---|
| Individuals | An AGI of less than $99,000, under all proposals. | X |
| Heads of household | An AGI of less than $146,500, under all proposals. | X |
| Couples filing jointly income | An AGI of less than $198,000, under all proposals. | X |
| Dependents of any age | No dependent limit specified, under HEALS Act. | Up to three dependents, under the Heroes Act. |
| Noncitizens who pay taxes | X | Suggested in the Heroes Act, which was not taken up by the Senate. |
| People who are incarcerated | X | The CARES Act excludes this group. |
| People who owe child support | X | The CARES Act excludes this group. The Heroes Act would include them. |
Which dependents might qualify for a second payment?
The CARES Act took a narrow approach to defining a dependent and allowed a $500 payment only for a child aged 16 or younger in the family. The HEALS and Heroes Acts both take a broader definition and allow any dependent you claim to qualify for a payment -- college students, children over 17, disabled relatives and taxpayers' parents.
The Democratic plan as outlined in the Heroes Act would cover $1,200 each, for up to three dependents, so a family of five people could receive a maximum of $6,000. We don't think this is a likely outcome in the final bill, considering it has fizzled in the Senate without being addressed.
Like the CARES Act, the Republican plan outlined in the HEALS Act would provide $500 for each dependent, but doesn't specify a cap on the number of dependents.
begin quote from:
Who didn't get a stimulus payment under the CARES Act
For the payments authorized under the CARES Act, which became law in March, these groups were excluded:
No comments:
Post a Comment