After a maelstrom of bipartisan bickering, the $1.9 trillion COVID-19 relief plan — and the next round of stimulus checks that come with it — is set for a House vote Tuesday.
Payments of up to $1,400, depending on household size and income, could begin to hit bank accounts of millions of Americans the week of March 22 if the bill becomes law by Sunday, when federal unemployment benefits expire. If past payouts are any indication, paper checks would be mailed the week of March 29, USA Today reported.
With the bill poised for final House approval, Biden has made it known that he will sign the legislation as soon as it hits his desk.
Overall, the payments would amount to $1,400 for a single person making up to $75,000 a year or $2,800 for a married couple filing jointly with incomes up to $150,000, with an additional $1,400 per child or adult dependent. The age limit for eligible children would change from 16 to 17.
The payment amounts lessen for those with higher incomes, and individuals with incomes exceeding $80,000 and married couples making more than $160,000 would not receive a check at all.
If a taxpayer fails to file their 2020 tax returns before the relief bill passes, the IRS will likely rely on their 2019 tax return to calculate their payment.
In addition to the direct payouts, weekly federal supplemental unemployment benefits of $300 would be extended through early September.
But a $15 minimum wage provision was removed from the bill last month after the Senate parliamentarian, which acts as the chamber’s referee, ruled that such a provision couldn’t be allowed in budget talks. Additionally, the national ban on evictions, set to expire March 31, will not be extended.