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The new stimulus bill sets the income limits for a 600 second check closely to the first but comes with a few adjustments.
Cares act stimulus check limits. House democrats voted on december 28 to raise the second stimulus payment up to 2 000 which president trump has also demanded. As with the first direct payment under the cares act the income limits. The cares act signed into law on march 27 2020 allowed for a maximum of 1 200 per eligible adult.
As with the first direct payment under the cares act the income limits. The new stimulus bill sets the income limits for a 600 second check closely to the first but comes with a few adjustments. The cares act paid up to 1 200 for each qualifying person but the new covid relief package will pay half that up to 600 for qualifying individuals.
Single people earning over 87 000 the second round of checks will have the same type of income phaseouts as in the cares act with the stimulus check payments reduced for earnings above 75 000. Not only is the second round of coronavirus stimulus checks worth less than the first payment but the income limits are also less generous than they were under the coronavirus aid relief and.
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