Stimulus Check Update: Here's When You Can Expect Your $1,400 Check
Americans are wondering when they can expect to see $1,400 in their accounts after the Senate passed President Joe Biden’s $1.9 trillion COVID-19 relief package on Saturday.
This will be the third round of stimulus checks heading out to eligible Americans.
The bill has one more step to take in the House to get its final approval. If everything goes as planned, the IRS is said to have the checks ready for delivery as early as the weekend of March 13.
Those who make $75,000 or less per year will receive $1,400 and a married couple who filed their taxes together that make up to $150,000 a year, will get $2,800 and an additional $1,400 will be tact on to those households with dependents.
It’s crucial that taxpayers file their 2020 tax returns before the bill is signed if they want the IRS to base the payment on last year’s income. If taxes aren’t filed by that date, then it will take from the taxpayer’s 2019 income.
The passage before March 14 is wanted by the Democrats of the House because that’s when the current $300 a week unemployment payments are set to expire. The relief bill extends that payment until September 2021.
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