As the COVID-19 pandemic continues to impact the world, many individuals and families have been facing financial hardship. To help alleviate some of the economic struggles, the US government has been working on providing stimulus checks to eligible individuals. However, the question on many people`s minds is: has an agreement been reached for stimulus checks?
In the early months of the pandemic, the US government passed the CARES Act, which provided one-time stimulus checks to eligible individuals. Since then, there have been ongoing discussions and negotiations about additional stimulus checks.
Currently, there has been progress towards a new stimulus package that includes direct payments to individuals. In December 2020, Congress passed a stimulus bill that provided a $600 direct payment to eligible Americans. However, many felt that this was not enough, and discussions continued for a larger stimulus package.
In March 2021, the House passed the American Rescue Plan, which includes a $1,400 direct payment to eligible individuals. The Senate has also passed their version of the bill, which includes the same direct payment. However, there are still some differences between the House and Senate versions, which need to be reconciled before the bill can become law.
It`s important to note that eligibility requirements and payment amounts may change based on the final version of the bill that is passed. As of now, individuals who earn less than $75,000 per year and couples who earn less than $150,000 per year are eligible for the full $1,400 payment.
In summary, progress has been made towards providing additional stimulus checks to eligible individuals. However, the final details of the stimulus package are still being discussed and negotiated. It`s important to stay informed and pay attention to updates from government officials to understand how you may be impacted.