The HEROES Act, passed by the House, would provide stimulus payments up to $1,200 per individual with a maximum amount of $6,000 per household. Here's what else to know.
With the majority of the first coronavirus stimulus payments distributed, the question of whether a second round will happen is mounting.
Similar to the first stimulus payments, single adults with income up to $75,000 will get the full $1,200 payment. Married couples with income up to $150,000 will get $2,400. Single parents who file as head of household with income up to $112,500 will get the full $1,200 check.Reduced checks will be available for those who earn above those income thresholds. The payment would be reduced by 5% for every 5% increase in income above $75,000 for individuals and $150,000 for married couples.
Would more people be eligible?The second wave of payments would extend to Individual Taxpayer Identification Number filers and their families. This change means that more than 4.3 million adults and 3.5 million children would be eligible for the payment, according to ITEP.
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