- The White House says many Americans can expect to get a $1,400 stimulus check this month.
- Individuals earning below $75,000 annually can receive the full amount.
- Under the last stimulus bill, the IRS distributed 147 million checks in two months.
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The White House said on Monday that many Americans could expect to get a $1,400 stimulus check within a few weeks.
The White House press secretary, Jen Psaki, said the Biden administration was aiming to distribute a significant number of checks this month.
“We expect a large number of Americans to receive relief by the end of the month,” she said, later adding that Treasury Secretary Janet Yellen was “focused like a laser” on getting checks out the door this month.
House Democrats are on course to approve a $1.9 trillion relief bill as soon as Tuesday. It contains direct payments in addition to other provisions such as $350 billion in aid to states, $300 weekly federal unemployment benefits, and a large expansion of the child tax credit.
Individuals earning up to $75,000 can receive the $1,400 check. Couples making up to $150,000 also qualify for the full amount.
Households above both those income thresholds could get a smaller amount, but eligibility is capped at individuals earning above $80,000 and couples making more than $160,000. Biden authorized lowering the eligibility thresholds last week after a push from moderate Senate Democrats.
Still, the vast majority of Americans would be eligible to get a direct payment. The left-leaning Institute on Taxation and Economic Policy estimated that the legislation would benefit 86% of adults and 85% of children.
It would be the third wave of one-time checks that the federal government has authorized during the pandemic. Congress early last year approved $1,200 stimulus checks, most of which the IRS sent within a month.
People who did not receive a check in either round can file to get one in their 2020 tax return.