Stimulus Deal Has Passed, How Will it Impact You?.
Congress passed the roughly $900 billion
relief package late Monday night.
It allows for a second round of
direct stimulus payments for Americans,
this time in the amount of $600.
Single individuals who filed their 2019 tax returns
electronically and who make less than $75,000 a year
could receive a direct deposit as early as next week.
Families making less than $150,000 would receive
$600 payments for both spouses and each
dependent child under the age of 16. .
Partial payments will be doled out to those
who make more than the cut-off, with payments
subtracted by $5 for every $100 made beyond the limit.
Those who received paper checks will receive their
second round payments in the coming weeks.
Unemployment payments will also get a weekly
$300 boost that will last through March 14.
These payments apply to both state benefits
and federal pandemic unemployment assistance.
$25 billion has also been allotted to assist renters
in danger of being evicted, or who have simply fallen
behind in rent due to the pandemic.
For those who meet certain conditions,
assistance will be prioritized for lower income families
who have been unemployed for three months or more.
The moratorium on rental evictions has
also been extended through January.
In order to qualify, renters can fill out the
form on the Centers for Disease Control website
in order to determine eligibility.
Foreclosure protection has also been extended through
the end of Jan. for single-family homeowners whose
home loans are backed by Freddie Mac or Freddie Mae.
The bill also reinstates pell grants for prisoners, and
removes the cutoff for government paid interest payments
for enrolled college students with subsidized loans