$1,400 checks are coming in the new coronavirus relief bill. Here’s who will get them, and who won’t.
CLOSEWASHINGTON – A third round of coronavirus aid checks should be coming soon, probably within days or weeks.Millions of Americans reeling from the economic damage of the pandemic would get one-time direct payments of up to $1,400. The payments are part of President Joe Biden’s $1.9 trillion American Rescue Plan, his first major initiative since taking office in January, which is likely to get final approval in the House Wednesday morning. Not everyone will get the checks.Just like the two previous rounds of payments – $1,200 per person distributed last spring and $600 per person in December – some people will be left out.Here’s a closer look at who will get the checks, and who won’t:High-wage earnersCongress made a major change that will limit who will get the checks this time.Under the new legislation, individuals with an adjusted gross income of $80,000 or less ($160,000 for joint filers) are eligible for a one-time payment of up to $1,400, plus an additional $1,400 for each dependent child. The payments start to phase out for individuals earning $75,000 and will cut off completely for anyone who makes more than $80,000. For couples filing jointly, the phaseout starts for those making $150,000 and cuts
