DailyKenn.com — The third distribution of stimulus payments have begun. Some residents can expect their money as early as this weekend (March 13, 2021).
200 latest news reports from 100 top conservative websites
The government has provided a Get My Payment tool allowing recipients to check the status of their payments.
Most individuals are expected to receive $1,400. The package will cost Americans over $5,000 plus interest, on average. Considering that only 53 percent of Americans pay income tax, the cost per taxpayer will be about $10,000 each, plus interest.
Congress passes the $1.9-trillion stimulus package with huge sums being directed to bailout blue-state blunders.
The third round payments will be based on taxpayers’ income on their latest processed tax return from either 2020 or 2019. The income limits were lowered this round: Single taxpayers with adjusted gross income up to $75,000 and married taxpayers fling jointly with adjusted gross income up to $150,000 get a full $1,400 (you get a partial payment with income up to $80,000/$160,000). Another change: This time around dependents can get the full $1,400 payments too. So a family of four could get $5,600 in Round 3 stimulus payments.
The stimulus package also include subsidies to health insurance bought on the marketplace through 2022, and subsidies for laid off workers to stay on their employer-based plan with the government paying 100% of COBRA premiums. The value of that benefit could eclipse the value of the stimulus payments for some families.