Many Americans are anxiously awaiting a second round of stimulus checks as they struggle to make ends meet. When the CARES Act was passed in March, individuals were eligible for up to $1,200 each in stimulus payments or up to $2,400 per married couple filing jointly. The average payment came out to $1,809, according to IRS data.
For months now, there has been no question that more stimulus checks are very much needed, but there has been great uncertainty about whether they’ll become a part of the next coronavirus economic relief bill. President Donald Trump recently suggested that Congress send more stimulus checks using $300 billion in remaining Covid relief funds, but whether this will actually happen remains unknown.
As you wait to hear more updates on stimulus checks, you can hang tight… or you can take a proactive approach to getting more money in your pocket sooner rather