Round 2 of Stimulus Checks Approved, Here’s Who Qualifies
In his final stretch, President Trump has signed the dotted line to give approval to another round of stimulus checks during the on-going COVID-19 crisis. The stimulus checks will be $600 for those who qualify and $600 for each dependent child under the age of 17.
Here are the criteria you need to get the full $600, according to CNET.
As an individual without qualifying children, you have an adjusted gross income of up to $75,000 (this completely phases out at $87,000, down from the $99,000 used for the first check).
You file as the head of a household (you claim children) and earn under $112,500.
You file jointly without children and earn less than $150,000 and no more than $174,000 (down from $198,000 from the first check).
CNET also reports the second round of stimulus checks should start hitting bank accounts in a week, not the nearly 3 weeks it took earlier this year.
Starting in the new year, the IRS will send out payments on paper checks and prepaid EIP cards to those for whom it does not have banking information on file.
Also, if you have not received your stimulus by January 15, 2021, you can claim your money when you file taxes. And, before you check with IRS for when your deposit will hit or when the check will arrive in the mail, their website has not yet been updated.
JB Love is ½ of Q98.5's Lil Zim & JB In The Morning, weekday mornings from 5:00 a.m. to 10 a.m. Follow him on Twitter, Instagram, and Facebook.