Well, this U.S. stimulus package includes one-time cash payments of up to $1,200 to Americans who qualify. In this article, we demystify everything you need to know about the 2020 U.S. stimulus package: what it is, who receives it, how much they’ll receive, and what to do to get it.
How much is the stimulus package?It consists of more than 800 pages detailing how it plans to stimulate the economy and help Americans cope with the changes ravaging the country. This U.S. stimulus package allocates more than $2 trillion to different groups in society, including: This handy infographic from NPR helps to illustrate the money’s distribution:
What is the star of the stimulus package?Of course, the star of the stimulus package is the $250 billion designated for direct payments to Americans. Yeah, you read that right. You are probably getting a check. To help you better understand the stimulus payments and determine if you qualify, we’re here to answer the most common questions.
When will the second round of stimulus check payments begin?Congress approved another economic relief bill at the end of last year, and the second round of stimulus check payments began sending as early as Dec. 29, 2020. This payment capped out at $600 per person, and another $600 per qualifying child dependent.
