Most of America although it isn’t much is hoping to get their hands on the stimulus checks now being prepared by the Treasury Department. This week — the government confirmed that the checks should be deposited in roughly 3 weeks (sometime exactly roughly around the 2nd week of April) for those who used their banks for prior tax returns.
As we’ve mentioned before here are some things to remember:
- Most people will get up to $1,200 (+ $500 per kid)
- Couples will get up to $2,400 (depending on combined income/kids/+$500 per kid.)
- This is not taxable income, therefore despite misinformation online, you will not be required to pay it back at the end of the year.
- The government may give more if the virus continues based on the legislation.
- It’s important to remember that this money is at least in some ways a tiny bit to kick off what is a long period of time in which Americans will need help.
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