Americans ‘furious’ they will miss out on a $1,400 stimulus as Biden says those earning more than $80k won’t get one
AMERICANS are ‘furious’ they will miss out on a $1,400 stimulus checks as Joe Biden has said those who earn more than $80,000 will not be eligible. Congress has tightened eligibility for the third round of Covid stimulus checks, meaning there are millions who may not qualify. President Joe Biden has approved a lower income cap for […]
AMERICANS are ‘furious’ they will miss out on a $1,400 stimulus checks as Joe Biden has said those who earn more than $80,000 will not be eligible.
Congress has tightened eligibility for the third round of Covid stimulus checks, meaning there are millions who may not qualify.
President Joe Biden has approved a lower income cap for the next round of stimulus checks- $80,000 for individuals and $160,000 for married couples.
Anyone earning up to $75,000 a year is set to receive the full $1400 but those who earn between $75,000 and $80,000 will be entitled to less.
An analysis from the Institute of Taxation and Economic Policy has estimated that more than 16 million Americans will now not qualify for the next round of checks.
According to the analysis the 86 percent of adults and 85 percent of children would still be benefitted by the amended bull.
In order to get the maximum amount, possible Americans should consider carefully timing their tax returns.
The stimulus bill could be passed by the Senate today, which means a vote on final passage could come over the weekend.
Biden’s $1.9trillion relief bill aims to extend unemployment benefits until August and increase weekly federal bonus to $400.
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The vote comes after politicians spent more than 10 hours reading the 628-page bill yesterday after US Senator Ron Johnson requested it.
The Senate voted 50-50 for the relief bill – with Vice President Kamala Harris breaking the tie.
Democrats were hoping to pass the legislation by March 14, when emergency unemployment benefits expire.