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Here is What You Need to Know About the Stimulus Checks


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  • 2020-03-26
  • Source: TTN
  • by: TTN Staf
  • Within the stimulus bill agreed on by the White House and Senate, there are provisions for most Americans to receive checks from the government. Treasury Secretary Steve Mnuchin came out on Wednesday to give more details about what exactly Americans should expect to see. Here is what you need to know about the money American families are getting in the stimulus bill:

    1.) How Much


    Mnuchin announced that every American will get $1,200 and up to $3,000 for a family of four. How much each individual gets depends on how much they make and how they have filed their taxes, if a husband and wife filed together they will receive the stimulus money together.

    2.) When It Is Coming Out


    Secretary Mnuchin plans to have this payment delivered across the country by tax day. His plan may be offset if Congress holds it up by any significant amount of time or if there is a problem at the IRS. Ironic that this year's tax day we will likely see them give us money.   


    3.) How It Is Coming

    Like with how much you will get the way you will get money is based on how you did your taxes. If you have electronic filing set up then the money will appear in the bank account where your tax returns normally go. If you get a check then that is how the stimulus money will come in as well.   


    4.) Who Is Getting It?

    Not everyone will be getting this stimulus money and not everyone will be getting the full amount. According to USA Today, those making more than $99,000 a year will not receive any stimulus money and those making more than $75,000 will receive a reduced amount.