The Senate has officially approved an historic $2 Trillion stimulus bill to help those in need during the Coronavirus outbreak. This will impact workers, employers and the healthcare system. The bill includes an expansion of unemployment benefits and a $367 billion program to help small businesses, plus direct payments to Americans. Larger industries, hospitals and local governments will also receive loans.
The big question is, which Americans are eligible to receive funds and how much money will you get, exactly?
The Washington Post has an online calculator so that you can determine just how much cash you can expect, along with a list of frequently asked questions to help you along the way. All you need to know is whether or not you have already filed your 2019 taxes, and if you have, your filing status, adjusted gross income, and dependents. If you don't yet have that information, you can use the same details from your 2018 taxes.
People who make up to $75,000 are eligible for the full $1,200, while those who make between $75K & $99K are eligible for a reduced amount.
Calculate how much you can expect here.