Warning: Your Next Stimulus Payment May Be the Final One
Millions of Americans have lost their jobs to COVID-19, while many of those who are still working have seen their hours -- and income -- reduced. Things got so bad back in March that lawmakers passed the $2 trillion CARES Act, which called for, among other provisions, a one-time $1,200 stimulus payment for eligible U.S. adults plus an additional $500 per child under the age of 17.
Many people have already received -- and spent -- their stimulus cash, and with unemployment numbers still at a record high, lawmakers are pushing for a second stimulus package to provide some much-needed relief. Enter the HEROES Act, a $3 trillion bill which calls for an even more robust stimulus than the initial one that went out.
Under the HEROES Act, stimulus payments will be worth up to $1,200 per qualifying adult, plus up to $1,200 per qualifying child, for a maximum of three children per household. As such, some families might see a $6,000 check if the HEROES Act is voted into law.
Source Fool.com
