This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/stimulus-check/
This exclusive industry connected news Piece, was selected personally by Marcus lee, who is one of our undercover online business news reporters – will give you added insight in how these points of views could be decoded into your own business projects.
Many throughout the United States have received or will soon receive stimulus checks as part of the government’s response to COVID.
See all the details of the first 2020 stimulus check here.
If you haven’t received your stimulus check yet, you can check the status of it using the IRS “Get My Payment” tool.
With the checks being $1,200 per eligible adult and $500 for each eligible child (16 and under), many are wondering if there will be a second stimulus check for COVID?
It’s a valid question. It doesn’t take an economist to realize that $1,200 doesn’t go that far (unless your name is Steven Mnuchin and you are Secretary of the Treasury, who recently said $1,200 would last ten weeks). Heck, depending on where you live and what sort of financial situation you are in, even $2,900 in a household of two adults and one child doesn’t go that far.
There is also the issue of many college students being left out of the first stimulus bill. If a college student is claimed as a dependent on their parent’s taxes, there is no stimulus check allocated to them.
Over 20 million applied for unemployment benefits in the past few weeks. As we explain in our post on COVID unemployment benefits, there is the extra $600 federal unemployment benefit on top of the state unemployment benefit. But again, that only goes so far, and there is limited employment opportunities right now. We are… Read More
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