Who is eligible to receive another coronavirus relief payment? Stimulus check details revealed
WASHINGTON - The GOP unveiled details for a second round of direct payments to American households on Monday, in legislation that has been dubbed the HEALS Act.
If you qualified for a check in the first round, you are likely up for a second payment – perhaps for an even larger amount.
The checks will largely follow the same guidelines as those issued under the CARES Act. The payments are $1,200 per adult for those with adjusted gross incomes of up to $75,000. The threshold for married couples is $150,000 – they are eligible for $2,400 and $500 per dependent.
The benefit phases out entirely for those earning more than $99,000, or $146,500 for heads of household with one child and $198,000 for joint filers without children.
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The difference with this round of payments is that there will be no age cap on eligible dependents. While the CARES Act only allowed the additional $500 to be allocated for families with dependent children, now households will be able to claim the additional $500 for dependents of any age.
In order to receive the benefit, an individual must have a work-eligible Social Security number and he or she cannot be the dependent of another taxpayer.
While the IRS ran into a few challenges issuing the first round of checks, by keeping the criteria largely the same the tax agency would presumably be able to get out a second round more quickly.
Lawmakers also clarified a number of issues.
For example, the legislation stipulates that rebates are not subject to administrative offset for past debts, with the exception of past-due child support. The cash is protected from bank garnishment or levy by private creditors or debt collectors, which would be applied retroactively to the CARES Act money.
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Also, it clarifies that anyone who died prior to Jan. 2020 is not eligible for a payment, nor is anyone who is incarcerated at the time the payment is processed by the Treasury or anyone who is imprisoned for the duration of 2020.
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