House Passes $1.9 Trillion Stimulus Relief Package – Support From The Senate Pending

Additional relief could be on the way. Here’s what you can expect regarding President Joe Biden’s relief plan.

Being deemed as “the American Rescue Plan,” the bill passed 219-212 in the Democratically controlled House early Saturday. President Joe Biden’s $1.9 trillion COVID-19 relief package would provide millions of Americans $1,400 payments, ramp up vaccine distribution and extend unemployment aid through the summer.

What can be expected with this next round of relief efforts?

  • Provide most Americans with another direct payment – this time for $1,400.
  • Extend unemployment benefits through August (the current benefit ends in mid-March) and bump up the amount to $400 per week. 
  • Send $350 billion to state and local governments whose revenue has declined because of COVID-19 social distancing measures.
  • Allocate $130 billion to help fully reopen schools and colleges
  • Allot $30 billion to help renters and landlords weather economic losses.
  • Set aside $50 billion for small-business assistance.
  • Appropriate $160 billion for vaccine development, distribution and related needs.

What if I didn’t get receive the first or second round stimulus check?

If you qualify for a stimulus check and have not received it, or received the wrong amount, you may be eligible to claim a Recovery Rebate Credit when you file your 2020 tax return.

If you have an injury or illness that prevents you from working a full-time job, you could receive up to $3,148 per month in financial assistance from the Federal Government. To see how much you could qualify to receive, please complete this short 30 second form.

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