This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/2020-stimulus-check/
This exclusive industry related news Piece, was chosen personally by Marcus lee, who is one of our undercover online business news reporters – will give you added insight in how these points of discussion could be translated into your own business ventures.
As the COVID-19 pandemic continues to threaten the world, the United States economy has slowed significantly or nearly shut down in some areas.
Because of the required actions to slow the spread of the coronavirus, most non-essential businesses have been forced to shut down, resulting in millions of layoffs.
To combat the economic effects of COVID-19, congress passed a $2 trillion stimulus package. Included in the stimulus package is a provision that will supply most Americans with a one-time check to help them through this crisis.
Here is what you need to know about the 2020 stimulus checks.
How Many Checks Will I Get?
These checks are only a one-time payment. You may have heard various ideas being thrown around, such as ongoing payments. However, the bill which President Trump signed into law allows for a one-time payment to individuals.
How Much Are the Checks?
The amount of your check depends on how you file your taxes and your income levels. If you are an individual taxpayer, you will be eligible to receive a $1,200 check. If you are married and filing jointly, then both you and your partner will receive a $1,200 check, for a total of $2,400.
Further, you will receive an additional $500 for each child if the child qualifies you for the child tax credit. To qualify for t… Read More
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