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Second stimulus check: How much is the new stimulus check?

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One other spherical of COVID-19 stimulus checks is on the best way, however a lot lower than what Individuals obtained the primary time round.

WASHINGTON — Congress has handed a $900 COVID-19 aid invoice that can ship a brand new spherical of direct funds to Individuals, however half of what they had been again in March.

How a lot is the brand new stimulus examine?

On direct funds, the invoice supplies $600 to people making as much as $75,000 per yr and $1,200 to {couples} making as much as $150,000, with funds phased out for larger incomes. A further $600 fee shall be made per dependent little one, much like the final spherical of aid funds within the spring.

Underneath the CARES Act, hundreds of thousands of Individuals obtained checks as much as $1,200 per grownup, and an extra $500 for every eligible little one, for people making lower than $75,000 and {couples} making lower than $150,000 yearly.

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What about unemployment advantages?

The invoice combines coronavirus-fighting funds with monetary aid for people and companies. It might set up a brief $300 per week supplemental jobless profit and a $600 direct stimulus fee to most Individuals, together with a brand new spherical of subsidies for hard-hit companies, eating places, and theaters and cash for colleges, well being care suppliers and renters going through eviction.

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The $300 per week bonus jobless profit was half the supplemental federal unemployment profit supplied below the $1.eight billion CARES Act in March. That extra beneficiant profit and could be restricted to 11 weeks as an alternative of 16 weeks. The direct $600 stimulus fee was additionally half the March fee.

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