What Car Stuff Will You Buy With Your $1200 Stimulus Check?

  • What Car Stuff Will You Buy With Your $1200 Stimulus Check?

What Car Stuff Will You Buy With Your $1200 Stimulus Check?

Mind you, a lot of it will go toward bailing out tax-dodging corporations (including cruise lines) instead of hardworking Americans, many of whom need help keeping their children fed and lights on due to job furloughs, unsympathetic landlords, and student loan officers. "The main people excluded from receiving a payment are: the wealthy, nonresident aliens (i.e. foreigners who do not hold a green card), and "dependents" who can be claimed on someone else's tax return.", the Post reports. The Post article also includes a stimulus payment calculator.

"The last time the USA government did anything like this, back in 2008", the Post reports, "the payments went out in batches and it took about eight weeks for the final people to receive their checks".

Representatives in the U.S. House still must approve the package before President Donald Trump can sign it, and some estimates have said that it could take until May for payouts to go out.

"It is extremely unlikely that people will get payments by April 6 - just two weeks from now", Gleckman told CNN.

As has been the case for a few days now, single individuals who make $75,000 or less are expected to receive a $1,200 payment, and the payment falls by $5 for every $100 you make between $75,001 and $99,000.

For married couples, you will receive $2,400 if you make a combined $150,000 or less. The first people to get funds from the program will be those who have direct deposit information on file with the Internal Revenue Service from 2019 returns, filed this year, or 2018 returns.

For those making less than $75,000, expect to receive a check of $1,200 per adult and $500 per child under the age of 17. Reduced checks on a sliding scale are available for heads of household earning up to $136,500 annually.

The qualifying income levels will depend on 2019 federal tax returns if they've been already filed, or 2018 returns. That's expected to be a relatively small share of people, and the money would not have to be paid back until April 15, 2021.