Categories
Personal Finance

Will There Be A CoronaVirus (Covid-19) Relief Stimulus Check In 2020?

One of the more common questions I get at this site is “Will there be a stimulus check in 2020?”.  Well, surprise, surprise – it looks like there definitely will be a stimulus check in 2020.  A Corona Virus stimulus check to be exact.

Why do people keep asking this question?  Well, back in 2008, the US government gave out $600 stimulus checks to most Americans.  Needless to say this money was very well received and I’m sure most people wouldn’t mind seeing more of those checks.

Who doesn’t like free money?

History of the stimulus check

In 2008, a $600 stimulus check was paid out to most taxpayers in an effort to boost the economy by getting more cash into the hands of people likely to spend it.

In 2009, a $250 stimulus check was sent to all recipients of Social Security (retired people) and SSI (Supplemental Security Income) for disabled people.

Will there be a CoronaVirus check this year?

The current administration is working on a giant stimulus bill which contains Corona Virus or Covid-19 stimulus checks.  The amount will be $1,200 per person or $2,400 for a couple.  Parents will get $500 per child under the age of 17.

The payouts get phased out if you make enough money.  The stimulus check will start getting reduced if you make more than $75,000 and will be eliminated if you make more than $99,000.

What is a stimulus check?

A stimulus check is a check mailed out to a significant number of Americans in order to give government tax money to those most likely to spend it and help stimulate the economy.

Summary

For the first time in a long time – the American government will be paying out stimulus checks because of the CoronaVirus epidemic.  $1,200 per person is an impressive financial commitment to get the country back on track.

Will there be another $250 stimulus check for SSI recipients?

Will there be another $250 stimulus check for Social Security recipients?

 

 

19 replies on “Will There Be A CoronaVirus (Covid-19) Relief Stimulus Check In 2020?”

I think this is unfair to a lot of working Americans why are they going by 2018 a lot of people are over what your asking and how is that fair you have no idea what a lot of us been through in 2018 til 2019 maybe recalculate this and give everyone this stimulant check except for people making over 150000 thousand dollars as our wages don’t match up with the economy we are all still struggling no matter which way you look at it in this time of need we are spending more money for groceries because our kids are not in school and we are also being teachers at home for our children and not getting paid for it but teachers are still getting paid for what we’re doing at home how is that fair we are all struggling no matter which way you look at this matter. So please make it fair and every individual receive the 1200 for each adult and children 500 each.

Do I get a coronavirus stimulus package if my company is consider to be essential company .I have been finically hit by it also .If My company would shut down I am not eligible for unemployment .I am temp to hire position .

if you are making over 75,000 a year or right at 75000 why would you expect to have a $1,200 stimulus check regardless that your children are out of school grow a garden is what you need to do and and also do not live but beyond your means I think it’s very fair that people under $99,000 are you not going to get this or 75000 whatever but if you fall in that bracket and you don’t have any money that’s because you’re living beyond your means roller garden this summer

Did you have to file a federal return in order to receive stimulus money? What if you earned NO wage, and are supported by a boyfriend?

Every working American pays into our economic system via our taxes. What you pay in or not varies based on your income level, if you married, have dependents, etc. Therefore, I believe when a stimulus is provided to the country all Americans should be able to receive something. Now, the coronavirus stimulus excludes individuals making more than $99,000 and couples making more than $150,000. Why is this? People at these levels are not millionaires. It is likely they have mortgages, care payments, and childcare, along with all the other everyday expenses we all have. These people whose salary have remained flat for many years while inflation continues to rise. Heck, people in this income level are not exempt from job loss. How many have lost their jobs due to COVID-19? I would also submit that someone making $75,000 to $99,000 are working white collar or high paying blue collar jobs that are probably still operating business as usual. If you did not lose your job, working from home, getting your salary per usual, are you getting a check? If you are, yippee, you just got a second tax return! I don’t think our government took the time to account for as many of the situations Americans are finding themselves in. I am in full support of helping people who find themselves without a job, the ability to pay bills, feed their families. The money should ONLY go to these folks. Since this is not the case, everyone should be counted and given something. And it does not have to be check. I owe federal taxes for 2019, why not allow me exemption from all or a portion of what I owe? I only owe a couple of hundred dollars, but having the government say to me, “we are doing this to help you to”, would make me feel like I am a part of the solution instead of collateral damage of the war. These stimuluses never filter to all Americans, so we shouldn’t expect this one to be any different.

I lived in TexaS when I filed my 2018 taxes I now live in Florida will they forward my check to Florida?

Good for you,I feel the same way. You probably have money in your bank account or savings. Dip from that. Most us hard working blue collar people don’t have savings and after bills are paid there isn’t enough to even buy food for the week. That’s every week too. We don’t have extra to have teachers come to our homes to teach our children Like you do. If that’s the case you definitely do not deserve the check. Anyone over 75,000 a year read that again. 75,000 a year you should have everything pd off and sitting comfortably with money to boot. Stop your whining and grow up try living off of 1,600 a month and my husband works his ass off every day of the week to bring that home. He don’t sit behind a desk, when he comes home he is dirty and sweaty from his job with welding burns that scar his skin what do you do sir? Work for the government? Sit behind a desk? In our town there are not many options for jobs it’s either sawmills or grocery stores, take a guess at what he does Plus he has college under his belt also? All for about 26,000 a year. You have no room to talk life isn’t fair the sooner you understand that the better off you’ll be. you don’t hear us bitching about life and money but lord help those who make 75,000 and above hahahahaha they still feel like their the one’s being slighted. No buddy the blue collar workers are just getting a bonus for their hard work and dedication to provide you with your easy life. Like the last said in the above comment “go make a garden” I’m glad your not getting it because you don’t deserve it if you make 75,000+ a year. Take out of your savings, give some of that money to someone who really needs it . Oh wait $75,000+ and your complaining about 1,200 a adult and 500 per child under 17. You have a lot of nerve.

How do I put my Bank account information to government instead of waiting for check

Leave a Reply

Your email address will not be published. Required fields are marked *