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Direct payments to Americans are a key component of the historic $2 trillion coronavirus relief deal announced Wednesday.
The one-time payments are designed to help cover expenses for people experiencing financial setbacks due to the pandemic and the government’s efforts to prevent its spread.
“Struggling Americans are going to go to their mailboxes and find four-figure checks to help with their bills,” Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellThe Hill's Morning Report - Presented by Airbnb - Senators clinch deal on T stimulus package White House, Senate reach deal on trillion stimulus package Overnight Health Care — Presented by PCMA — Trump hopes to reopen economy by Easter | GOP senators expect stimulus vote Wednesday | House Dems eye two more stimulus bills | Trump says he gets along 'very well' with Fauci MORE (R-Ky.) said Wednesday.
For individuals making less than $75,000 and married couples making less than $150,000, the checks will be $1,200 per adult and $500 per child under the age of 17. Those amounts phase out for taxpayers above the income thresholds, eventually zeroing out for individuals making more than $99,000 and married couples with no children making more than $198,000.
The original proposal from Senate Republicans would have phased in the check amounts, meaning some low-income households would not have qualified and others would have received a reduced amount. But the phase-in was not included in the final agreement, so low-income families are eligible to receive the maximum amount.
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