How Much Money Can I Expect From The 2 Trillion Stimulus Plan?
The Coronavirus pandemic has definitely changed the world as we know it and there are a whole lot of negative things that have come from it. However, Mom always says focus on the positives and one of the positives is this much talked about 2 Trillion dollar stimulus plan. It's great in theory and we all want to be excited about it but the info has been little to none until now. I've read a bunch of reports on this but the cnn piece below makes it super easy to understand so I thought I would share it with you. Read it and rejoice as thee is money coming your way.
Individuals are eligible for up to $1,200 and couples would receive up to $2,400 -- plus $500 per child. But the payments would start phasing out for individuals with adjusted gross incomes of more than $75,000. The amount would then be reduced by $5 for every additional $100 of adjusted gross income, and those making more than $99,000 would not receive anything. The income thresholds are doubled for married couples.