Stimulus checks: $1400 checks for you AND adult dependents. Checks will go to people making less than $75K annually and married couples making less than $150K. Check sizes phase down from there, with a cap of
$80K for individuals and $160K for couples.Child tax credit: On top of that, households making less than $150k will receive $3000 per child ($3600 for those <5 yrs old). The tax credit will be advanced – and come in the form of monthly payments starting in July.
Unemployment benefits: Continued $300/ week jobless benefits, extended to August 29. Additionally, the first $10,200 in unemployment benefits you received in 2020 will NOT be taxed if your total income is less than $150K.
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What’s in the $1.9 trillion COVID relief bill Congress just passed