The American economy has been patiently waiting for a new coronavirus relief package for some time, and now things seem to be slowly moving once again with the new Biden-Harris administration.
With a new coronavirus relief package comes new stimulus checks to struggling Americans who have been affected by the pandemic. But, who will get the new checks? Well, that would depend on the content of the new bill, but if history has told us anything, we can make some guesses based on the last relief package as to who will receive some stimulus.
Under the terms of the CARES Act, if you are a single taxpayer who is earning more than $99,000 annually, you didn't qualify for a stimulus payment. We can assume that the new package will entail the same eligibility. As for married couples, under the CARES Act, if you are a married couple with a gross income of more than $198,000 a year, then neither of you would qualify for a stimulus payment. For more information on this story, check out this link here.
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