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Friday, April 26, 2024

How Stimulus Checks Work

Credit: WAAY ABC Huntsville, AL
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How Stimulus Checks Work
How Stimulus Checks Work
How Stimulus Checks Work

In place.

Relief could soon be coming to you in the form of a stimulus check.

It's part of the 2.2-trillion dollar "cares act."

A lot of you have contacted us with questions about who will get a check and when.

Waay 31's rodneya ross joins us this morning with a breakdown answering your questions.

The stimulus check could be coming to you in as soon as three weeks -- and the amount varies by income.

Here's a breakdown of the numbers: if you are a single adult making 75-thousand- dollars or less you will get a full 12-hundred dollar check.

That amount goes down the more money you make -- and if you make 99-thousand- dollars or more you will not get a check.

These payments are based on your 20-18 or 20-19 tax returns parents will receive a 500- dollar-dollar for each child 16-years-old and younger.

That amount phases out the more you earn.

And if you receive unemployment benefits -- you will continue to get your normal amount -- as well as an additional 600-dollars-per week for up to four months.

We've had a lot of you asking about social security benefits -- if you receive those -- you won't have to do anything at all.

You will automatically receive a payment.

If you have direct deposit setup with the i-r-s that's how you will receive your money -- if not you'll get

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