Are second stimulus checks on the way?
A Second Stimulus Has Been Approved, Here’s How Much You’ll Receive
Source: Maksim Chernyshev / EyeEm / Getty
Congress has finally passed a second stimulus bill to try to help boost the American economy and help millions of people. After eight months of back and forth arguments on how this bill should be formed, the second round of funds are set to help give a boost to unemployment insurance, and more small business aid.
Get Breaking News & Exclusive Contest in Your Inbox:
This plan will distribute $900 billion dollars in funds and will go before the House for approval on Monday, December 21st. So what does that mean for you? If you’re unemployed you can look to receive an additional $300 a week helping roughly 12million Americans.
RELATED STORY: 5 Tips for Spending Your Stimulus Check!
Something that is different from the first stimulus bill is that American’s will not be receiving a $1,200 check. This time, American’s making under $75,000 will be receiving a $600 check. Couples who make under $150,000 will receive a $1,200 check. Parents will receive an additional $600 payment per child. Incremental reductions are set in place to reduce payments for individuals who more than the set income much like the first round of payments.
$284 billion is set to be available for small-business aid, $25 billion is allocated for the rental assistance program, $13 billion is dedicated to food assistance programs, and federal student loans will remain differed until April 2021.
So how long until you can get help? If everything goes smoothly Americans will start to roll out around mid-January 2021.
[ione_media_gallery id=”3758140″ src=”https://rnbphilly.com/” overlay=”true”]
The Latest:
- Ari Lennox Opens Up About New Album and Navigating Love
- Meagan Good Says She & Her Hubby Jonathan Majors Want To Kang & Coretta Complete Their Family With Children
- Heeyyyyy Mrs. Holland! Zendaya Appears to Confirm Tom Holland Wedding Rumors With Playful Ring Reveal
- Taneisha Thompson: TX Mother Violently Snatched From Car In Front Of Son Over Petty Speeding Ticket
- ESSENCE Black Women In Hollywood: Olandria, Zendaya, Wunmi Mosaku, Kerry Washington & Other Stunners Sizzle & Slay Sisterly Soirée
- Connecticut Cop Having ‘Anxiety Attack’ Takes Ambulance Away From Black Gunshot Victim, Man Dies
- That Was Quick! Kandi Burruss & Todd Tucker Settle Their Divorce Four Months After Announcing Split
- Off Script: Taylor Polidore Williams, Crystle Stewart, DeVon Franklin, Ryan Michelle Bathe, & Industry Insiders Relax & Reset At iONE Digital’s Awards Season Luncheon
- Domestic Violence: WNBA Star Rickea Jackson Says She ‘Feared For Her Life’ With Falcons Baller James Pearce Jr.
- Sonja Norwood Backs Son Ray J In Sex Tape Dispute With Kim Kardashian & Kris Jenner
A Second Stimulus Has Been Approved, Here’s How Much You’ll Receive was originally published on mycolumbusmagic.com
