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New COVID-19 Stimulus Package is Here. How Will You Benefit?

Personal Stimulus Checks May Arrive as Early as Next Week

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As the clock neared midnight on Monday on Capitol Hill, Congress finally pushed through the long-waited COVID-19 stimulus package. The $900 billion stimulus bill was packaged as part of the $1.4 trillion government spending package in order to pass it through the halls of Congress. The bill also carries the distinction of being the second-largest stimulus package ever passed by Congress. Here is a look at some of the finer details of the bipartisan bill and how it may affect you in the short-term.

Personal Stimulus Checks: What many Americans are looking toward is the promise of a personal stimulus check. Qualifying adults can expect to receive up to $600 in direct payment. Individuals with an adjusted gross income (AGI) of up to $75,000 will receive the full amount. Married couples filing jointly will have the full amount reduced for incomes of more than $150,000.

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