Washington (CNN) A second round of stimulus payments is included in a coronavirus relief package struck by congressional leaders late Sunday. In March, Congress provided individuals with $1,200 direct payments and couples with $2,400 plus $500 per child under the $2 trillion CARES Act. Those payments started phasing out for singles who earn more than $75,000 a year and those earning more than $99,000 did not receive anything. The income thresholds were doubled for couples. As with the first round, the new payments will only be sent to people below a certain income level, though it wasn't immediately clear Sunday where that would be set.
Source: The Nation December 21, 2020 03:45 UTC