Now That The President Has Signed The Stimulus Bill, Here’s When You May Get Your Stimulus Check.

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Well, it’s official – after days of holding out – President Trump has actually signed the Stimulus Bill as of late last night.

While the bill contains a ton of things, one thing that is probably on your mind is, “Will I be getting a stimulus check?” and yes, you will be.

So, now the next question becomes, “How much and when will I receive it?”

So, with the way things are right now, at the very least, you will be getting a $600 stimulus check as long as you qualify.

As of Monday, December 28th the U.S. House plans a formal vote Monday on a plan to boost the payments to $2,000 instead of $600 but who knows if that will happen.

“As President, I have told Congress that I want far less wasteful spending and more money going to the American people in the form of $2,000 checks per adult and $600 per child,”

President Trump

For those that qualify based on income (and qualified last time) will be receiving $600 per person and $600 per child.

So, a family of 5 would receive $3000.

Anyone who made under $75,000 as an individual or $150,000 as a couple would receive the full amount.

The amount individuals receive decreases by $5 for every $100 a person makes over $75,000. In short, that means that individuals who make over $99,000 would not be eligible nor would couples making more than $198,000.

So, when can you expect that stimulus check? Well, a White House representative said “soon” and payments would begin going out next week but it could take a few weeks to get all the payments processed.

However, we know that the last and final date checks can be sent is January 15, 2021.

The relief bill says the Treasury Department has until Jan. 15 to get out the $600 payments. If payments can’t be direct-deposited or mailed by then, people will have to wait to get their money when they file their 2020 tax return next year

The first recipients will be taxpayers who can quickly receive direct payments into their bank accounts, because the IRS already has their banking information.

That group includes those who received their last stimulus payment by direct deposit.

So, watch your bank account, the mail and we will let you know if anything changes.

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