<p>Just before the COVID-19 pandemic hit its peak in the U.S. in March, Congress passed a $2.2 trillion relief bill that included $1,200 direct payments to Americans.</p>
<p>The bill was called the Coronavirus Aid, Relief, and Economic Security — or CARES —Act. Then, Congress no longer CARED.</p>
<p>The virus has cratered the economy, closing hundreds of thousands of businesses and putting millions of people out of work. But lawmakers on both sides couldn&#8217;t agree on anything as the 2020 presidential election approached.</p>
<p>But finally, with Democrat Joe Biden certified the winner by the Electoral College, congressional leaders on Sunday unveiled a $900 billion stimulus that calls for another round of direct payments to help Americans.</p>
<p>The bad news: The checks will be just $600. The good news: Once the bill is passed, the checks will be in the mail or directly deposited into bank accounts within weeks.</p>
<p>When the CARES Act was passed, the Internal Revenue Service cut 153.1 million checks and direct deposits all the way through August, totaling $269.3 billion, The Associated Press <a href="https://apnews.com/article/mlb-pandemics-coronavirus-pandemic-8d4b4db61ca93c8b4a7b7827313fa0f6">reported</a>.</p>
<p>The payments began rolling out in mid-April, about two weeks after the CARES Act was passed. More than 81 million payments were disbursed within weeks, totaling more than $147 billion, all through electronic transfers to recipients’ bank accounts, according to the Government Accountability Office.</p>
<p>In August, as lawmakers continued to debate more direct payments to Americans, Treasury Secretary Steven Mnuchin said the federal government could roll out new checks the week after Congress passed a bill. “We did it the first time — I can get out 50 million payments really quickly, a lot of it into people’s direct accounts,” Mnuchin told reporters <a href="https://www.youtube.com/watch?v=be3ItPhdQM8" target="_blank" rel="noreferrer noopener">then</a>.</p>
<p>If the new bill follows the CARES Act, individuals will be eligible for payments up to $600, but that amount declines for those with an adjusted gross income higher than $75,000 a year. The $600 payment would drop by 5% of every dollar above $75,000, or $50 for every $1,000. The benefit doesn’t apply for individuals with incomes over $99,000.</p>
<p>Married couples with combined incomes up to $150,000 would receive $1,200, subject to the same phaseout that applies to individuals. The payments would be phased out entirely for couples making $198,000 or more. Families also got $500 per dependent child under the age of 16 in the CARES Act, but during negotiations for this bill, those payments could be $600 per dependent.</p>
<p>If the qualifications for the payments remain the same as the CARES Act, many who receive Social Security or Supplemental Security Income (SSI) benefits will also be eligible for full amounts.</p>
<p>But under the CARES Act, those who received payments could owe tax.</p>
<p>“TurboTax has guidance related to stimulus payments and other impacts of Covid-19,”  Lisa Greene-Lewis, certified public accountant and TurboTax expert, <a href="https://www.cnbc.com/2020/12/20/second-stimulus-check-how-much-to-expect-from-new-covid-relief.html">told</a> CNBC. “It will ask up front if the filer received a stimulus payment and then calculate the Recovery Rebate Credit based on actual 2020 income.”</p>
<p>Yet there is reportedly a credit for which Americans can apply. &#8220;The IRS says that eligible individuals can claim the Recovery Rebate Credit on their 2020 Form 1040 or 1040-SR. These forms can also be used by people who are not normally required to file tax returns but are eligible for the credit,&#8221; CNBC reported.</p>
<p><strong>Related: <a href="https://www.dailywire.com/news/pelosi-repeatedly-refuses-to-answer-cnn-about-why-she-rejected-bigger-stimulus-bill-before-election">Pelosi Repeatedly Refuses To Answer CNN About Why She Rejected Bigger Stimulus Bill Before Election</a></strong></p>

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When You Will Get Your $600 COVID-19 Relief Check If Congress Passes Stimulus Bill

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When You Will Get Your $600 COVID-19 Relief Check If Congress Passes Stimulus Bill