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HomeBusinessFrom Councilwoman Monica Rodriguez Desk – $2 Trillion Stimulus Package to Provide Relief to Americans Impacted by COVID-19

From Councilwoman Monica Rodriguez Desk – $2 Trillion Stimulus Package to Provide Relief to Americans Impacted by COVID-19

Councilwoman Monica Rodriguez Desk - Do You Qualify for the Stimulus Package due to COVID-19

The White House and Senate leaders reached a deal on a $2 trillion stimulus package to provide relief to Americans impacted by COVID-19. Under this deal, many Americans will receive a check for $1,200 from the government in the coming weeks. To qualify for this full amount please see the information below:

  • Each family member must have a valid Social Security number to qualify
  • Single adults who earn $75,000 or less will qualify for $1,200
  • Married couples who file jointly and have an adjusted gross income below $150,000 will qualify for $2,400
  • Head of households earning less than $112,000 will qualify for $1,200
  • For every qualifying child age 16 or under, the payment will be an additional $500
  • The $1,200 check amount will be reduced at a certain income level and completely phases out for people whose incomes exceed the limit for the credit

* People who have been listed as a dependent on someone else’s tax return — such as a young adult — are not eligible to receive a payment*

This one-time payment based on your adjusted gross income (2019 Federal Tax Returns). Please contact your tax advisor should you have any questions regarding your eligibility for the stimulus package.

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