Americans will receive direct deposits from the government as part of the coronavirus stimulus package beginning next week, says Treasury Secretary Steve Mnuchin
The payments will begin to reduce, however, for individuals making over $75,000 at a rate of $5 for every $100 in additional income. Richard Harroch explainsThose who haven’t given over their direct deposit information will need to file a 2018 or 2019 return electronically with the I.R.S., he says.
Around 175 million Americans will receive money from the government under the $2 trillion aid package, White House economic adviserWhether Congress will pass another stimulus bill with more cash payments to Americans. Democratic lawmakers in the House and Senate are pushing hard for a follow-up stimulus bill to the $2 trillion aid package but a vote is unlikely before the end of the month,
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