Sandlord
Well-Known Member
- Joined
- Mar 28, 2011
- Messages
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The “phase three” bill unveiled by Senate Republicans on Thursday includes rebates of $1,200 for most individuals who reported less than $75,000 on their 2018 tax returns, or $2,400 per couple who filed their taxes jointly and made less than $150,000.
Another $500 would be added for every dependent child. Low-income Americans with at least $2,500 of qualified income get a smaller benefit of $600, or $1,200 for couples.
The payments would be gradually phased out for individuals with income between $75,000 and $99,000, at which point payments cut off.
The Senate Republicans’ bill largely squares with the Trump administration’s request. In a memo on Wednesday, the Treasury Department laid out what it hoped to see in the bill, asking for two rounds of direct cash payments to taxpayers, worth $250 billion each. The first payment would be made April 6, and the second equal payment would come on May 18 if the crisis hasn’t abated.
I made this post 4 paragraphs so Grads won't bother us.
Another $500 would be added for every dependent child. Low-income Americans with at least $2,500 of qualified income get a smaller benefit of $600, or $1,200 for couples.
The payments would be gradually phased out for individuals with income between $75,000 and $99,000, at which point payments cut off.
The Senate Republicans’ bill largely squares with the Trump administration’s request. In a memo on Wednesday, the Treasury Department laid out what it hoped to see in the bill, asking for two rounds of direct cash payments to taxpayers, worth $250 billion each. The first payment would be made April 6, and the second equal payment would come on May 18 if the crisis hasn’t abated.
I made this post 4 paragraphs so Grads won't bother us.
