IRS Stimulus Checks 5-1-2020 Update || Trump Says No, 2nd Round of Checks, Lawyer's Thoughts & More

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The Perry Experience Podcast:




The Emergency Money for the People Act, introduced by Representatives Ro Khanna (D-CA) and Tim Ryan (D-OH), would provide a $2,000 monthly stimulus check ($4,000 for Married Couples) for up to 12 months.

Unlike the CARES Act, all citizens ages 16 and over would receive the full payment, provided they earn less than $130,000 per year ($260,000 for married couples).

Those who are claimed as a dependent on another individual’s tax return would also be eligible to receive the stimulus payment each month. The CARES Act prohibited stimulus payments to anyone who could be claimed as a dependent on another person’s tax return, effectively eliminating many high school and college-age taxpayers and adult dependents from the $1,200 stimulus check eligibility.

The Emergency Money for the People Act proposal also calls for an additional $500 per child, up to a maximum of three children.

$2,000 Monthly Stimulus Check Eligibility:

Americans aged 16 and older earning less $130,000 per year.
Married couples earning less than $260,000 would receive $4,000 per month.
Qualifying families would receive an additional $500 per child – for up to three children.
Eligibility includes those who are unemployed or have no earnings.

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