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Checks for $ 600 will start arriving as early as Tuesday night, says Treasury secretary


The federal government started sending direct payments of up to $ 600 approved by #Congress as part of the economic stimulus legislation for the COVID-19 pandemic.

A measure to increase the amount to $ 2,000, pushed by #Democrats and outgoing #President #Donald #Trump, is stuck in the #Senate.

The impact of the economic crisis caused by the coronavirus is causing more and more households where food is scarce and who are looking forward to help. #It is estimated that, by the end of 2020, some 17 million children will have been food insecure in #United #States.

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#Who will receive the $ 600

#People eligible for the $ 600 check are those whose 2019 income did not exceed $ 75,000, according to the bill.

#Married couples who file taxes together and whose earnings do not exceed 150,000 will receive 1,200. #Also receive 600 taxpayers who pay taxes as “heads of household” and had an income of 112,500 or less in 2019.

[#Pagar la luz o comprar comida: el dilema de una madre que perdió el trabajo]

#Families will also receive 600 additional dollars for each child who is under 18 years of age (who has been declared as a dependent).

#When the money is sent

#Those eligible residents who have a registered bank account #In the #Internal #Revenue #Service (IRS) system for direct deposits they would start receiving the money as early as #Tuesday night, #Treasury #Secretary #Steve #Mnuchin said.

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#Paper checks, meanwhile, are sent as of this #Wednesday, for the rest of the beneficiaries, he announced #Mnuchin in a tweet. #He said the #Treasury #Department and the IRS were “working with unprecedented speed” to send them.

“#This second round of payments will provide critical financial support to those who, through no fault of their own, have been negatively affected by the COVID-19 pandemic,” he said.

The #Treasury department later said in a statement that direct payments will continue into next week.

The IRS has until #January 15 to finish processing automatic payments.

#What procedures are necessary

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#Like the first, this second round of payments will be distributed automatically, with no action required for eligible individuals.

[Por qué estas familias no califican para recibir ayuda del Congreso por el coronavirus]

#People waiting to receive payments can check their status on the #Get #My #Payment page starting this week.

The second direct payment, throughout 2020

The #United #States is distributing a second round of direct payments for the pandemic. The first, with checks of up to $ 1,200, was approved in #March as part of the economic stimulus package of the so-called CARES law.

The federal government at that time disbursed more than 270,000 million to benefit almost 160 million #Americans, amid the economic crisis caused by the coronavirus health emergency.

The crisis has forced the temporary or permanent closure of thousands of businesses throughout the country and has left millions unemployed.

The second check has the same goals as the first: to bring relief to #American families and to boost the economy.

“#People go out and spend that money, and that helps small businesses and it helps more people get back to work.”the #Treasury secretary explained to CNBC host #Jim #Cramer last week.

The debate for a check for $ 1,200

#On #Monday, the #House of #Representatives approved #Trump’s proposal to raise the checks from $ 600 to $ 2,000.

The leader of the #Republican majority in the #Senate, #Mitch #McConnell, rejected a quick approval of the 2,000 check but opened the door for a vote to be voted on by pressure from two #Republicans blocked the proposal on #Tuesday, but said that the #Senate “will begin a process “this week to consider, together, three demands of the president, #Donald #Trump.

#What other helps are on the way

The $ 900 billion economic stimulus bill, which includes the check for 600, was signed by #President #Donald #Trump on #Sunday night, several days after it was approved by #Congress.

The help package also includes other aid and benefits for families and companies.

#On the one hand, it reactivates the #Paycheck #Protection #Program (PPP), which offers forgivable loans to businesses that meet certain requirements. #Businesses that received grants in the first edition of the program are eligible for this second round.

The additional federal unemployment benefits They are also renewed, but for a value of $ 300 per week, until #March 14, instead of the grant of $ 600 per week that was provided until #July.

#State and local governments will also have money to help people who have fallen behind in the rent payment and they may be facing eviction.

[Nueva York alarga la suspensión de los desalojos hasta mayo]

The new aid package increases federal food aid, called ‘food stamps’, by 15% for six months and provides funds to food banks, #Meals on #Wheels and other aid. #It also allocates a total of 13,000 million dollars to grant benefits to farmers and ranchers.

There will also be $ 10 billion in programs to help families with child care costs and suppliers to cover higher operating costs.

#Also included are funds for vaccine distribution and treatment development as well as for schools, universities and cultural institutions and the postal service.

#With information from NBC #News and AP.





[ source link ]
https://www.telemundo.com/noticias/noticias-economia/comienza-enviarse-el-cheque-de-600-dolares-mientras-el-senado-debate-si-se-amplia-2000-tmna3856228

##Checks #start #arriving #early ##Tuesday #night ##Treasury #secretary

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