Here's Why Your Second Stimulus Check Could Differ From the First
In late March, the CARES Act was signed into law, and one of its most notable provisions was a one-time, direct stimulus payment worth up to $1,200 per adult, and $500 per dependent under age 17. Those payments have kept millions of households afloat as the country grapples with a recession and unprecedented levels of unemployment. But at this point, many of those who received a stimulus payment have exhausted those funds and need additional relief.
So lawmakers have been working to hammer out a second COVID-19 relief package, and earlier this week, Republicans revealed their plan, known as the Health, Economic Assistance, Liability Protection, and Schools Act (or HEALS Act). It would extend boosted unemployment payments (albeit at a lower rate than the CARES Act allowed for), offer up another round of PPP loans, and send out another round of direct stimulus payments. But the money you get in that second round could differ from what you received in the first.
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Source Fool.com
