@fivetalents said in Stimulus: Government To Send Out $1,200 Checks/Deposits To Most US Residents; Expanded Unemployment & More:
I’ve heard that the $600 - $1,200 individual “checks” will automatically be distributed via direct deposit if you’ve received federal tax refunds via direct deposit. Let’s hope those accounts are still active//in good standing.
ETA: student loan bills (interest and principal) will be suspended for 2 months
In an earliet draft of the bill it was $600 - $1,200 checks, but in the draft that passed the check amount is $1,200 (no more $600 checks). The only exception is those who earn more than $99,000 per year ($198,000 for a couple) who will not get anything. “Income” is defined as AGI, adjusted gross income. There’s a phase-out from $75,000 – $99,999 where you’ll get a smaller check.