The payments start to phase out for individuals earning $75,000 and will cut off completely for anyone who makes more than $80,000. Under the new legislation, individuals with an adjusted gross income of $80,000 or less ($160,000 for joint filers) are eligible for a one-time payment of up to $1,400, plus an additional $1,400 for each dependent child. ►Economy in 2021: As millions of jobs go unfilled, employers look to familiar faces in 'boomerang employees' High-wage earnersĬongress made a major change that will limit who will get the checks this time. ►Economy in 2021: Fed could tackle inflation this week by clearing the way for earlier, faster interest-rate hikes ►Economy in 2021: CPI report shows prices jumped 6.8% in November, the fastest inflation spike since 1982 Here’s a closer look at who will get the checks, and who won’t: Just like the two previous rounds of payments – $1,200 per person distributed last spring and $600 per person in December – some people will be left out.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |