A third stimulus check is on the way

On March 11, President Biden signed the American Rescue Plan, a third relief package since the pandemic’s start, aimed at helping low and middle-class Americans.

Providing $1.9 trillion, the bill includes another round of direct stimulus payments up to $1,400 per person, an extension of unemployment benefits and tax breaks.

Payment eligibility is narrower than in previous rounds.

• Full payments to individuals making $75,000 or less or joint filers $150,000 or less.

• Payments then phaseout, with individuals making more than $80,000 and joint filers more than $160,000 not receiving payments.

• Additional $1,400 per dependent, including college students claimed as dependents.

– MaryGrace Williams, 360 Media, Inc.