Business
A stimulus check is a check sent to a taxpayer by the U.S. government. Stimulus checks are intended to stimulate the economy by providing consumers with some spending money. When taxpayers spend this money, it will boost consumption and drive revenues at retailers and manufacturers and, thus, spur the economy..” - Investopedia The $1.9 trillion coronavirus economic relief program signed by President Biden on March 11 provides:$1,400 stimulus checks for eligible individuals$300 weekly unemployment benefit to Sept 6$3,000 per child tax credit ($3,600 if under 6)15% increase in food stamps and increased fed health care subsidies$70B to increase vaccine & testing capabilities$30B for rental assist; eviction moratorium & forbearance through Sept$57B for small businesses & communities· $350B to states, tribes, and municipalitiesThe law provides $1,400 per adult AND dependent, as long as the household income falls below the income threshold for eligibility.single people whose adjusted gross income was below $75,000married couples with income below $150,000 will receive their full payments, as well as their dependents. Payments decline for earnings above that, cutting off entirely for single people earning $80,000 and $160,000 for married couples.Need help creating a plan?Visit oakmontadvisory.com/blueprint and sign-up for a 15-Minute call with an advisor