Congress just passed a $2 trillion stimulus bill to address the growing economic crisis caused by the coronavirus pandemic. Included are direct payments to many Americans. See how much you're eligible for here:
Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds.Included are direct payments to many Americans. Individuals are eligible for up to $1,200 and couples would receive up to $2,400 -- plus $500 per child.But the payments would start phasing out for individuals with adjusted gross incomes of more than $75,000.
The income thresholds are doubled for married couples.Income would generally be based on one's 2019 or 2018 tax returns. The money will likely be deposited directly into individuals' bank accounts -- as long as they've already authorized the IRS to send their tax refund that way over the past two years. If not, the IRS would send out checks in the mail.
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