$1,400 stimulus checks are included in Congress’ new relief package. Here’s the latest on what we know about those payments – CNBC

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Full $1,400 payments are slated to go to those with adjusted gross incomes of up to $75,000 for individuals, $112,500 for heads of household and $150,000 for married couples filing jointly.

As with previous stimulus checks, the payments are reduced for those with income above those thresholds.

This time, however, the Senate has called to lower the income levels at which the payments get phased to zero.

Under those terms, the payments will be capped for individuals earning $80,000 in income, heads of household with $120,000 and married couples with $160,000.

Estimates indicate that change could make it so up to 12 million fewer adults may receive the stimulus money.

Another notable change is that dependents of all ages stand to be eligible for the payments. Previous checks have only includes those under 17.

Source Article from https://www.cnbc.com/2021/03/08/1400-stimulus-checks-who-is-eligible-how-soon-they-could-arrive.html

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