U.S Senate approved a $1.9 trillion coronavirus relief package, set to be the third round of stimulus checks sent to Americans.
By Ally Sullivan
As citizens of the United States continue to battle the economic strife that the COVID-19 pandemic has caused, a third round of stimulus checks are just around the corner and may be arriving in people's bank accounts as recent as this past weekend.
According to CBS correspondents, the The Senate approved President Biden's $1.9 trillion coronavirus relief package, however this third round of stimulus checks has yet to be fully approved and passed on to the individuals in need. The House of Representatives will be giving final approval this week, and the IRS to start delivering the checks in the next couple weeks.
Americans should have received their checks via direct deposit as early as this past weekend. Prior to recent stimulus checks, families will get a payment for all their dependents claimed on a tax return, not just those qualifying under 17.
New modifications have come out, where Americnas will be able to check the status of their stimulus checks, by using the Get My Payment tool.
The statistics around the amount have been analyzed that the $1,400 checks will be able to aid 23 million people in payer for their living expenses over the next 4 months.
Supplementing the $1,400 checks will be funding for schools, small businesses, and cities and states. The stimulus money will enhance scholls safety protocols as students begin to return to the physical classroom. This check will also come in time as the extra jobless aid will expire.
Considering that many households have already filed their income tax for 2020, the IRS will use that updated information to manage who is eligible and for what amount. If individuals or households have not filed their taxes for 2020, then the IRS will use 2019 documents to determine eligibility and amount.
As the vaccine rollout continues, the country still has a long road ahead to beating this virus. The stimulus checks are vital for preserving people's economic well being throughout these troubling times.
Madison Sciba '24,