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

Personal Stimulus Checks May Arrive as Early as Next Week

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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