The Federal Stimulus Package What It Means For You
December 31, 2020The Federal Stimulus Package
What It Means For You
- Stimulus Checks: The new stimulus package will provide a one-time stimulus check of $600 for each eligible individual based on the same income limitations for the first stimulus check, which is a 2019 income less than $75,000 for each individual and $150,000 for each married or joint filer. Eligible dependents 16 and younger can qualify for $600 stimulus checks, while married and joint filers can get $1,200. https://www.irs.gov/newsroom/treasury-and-irs-begin-delivering-second-round-of-economic-impact-payments-to-millions-of-americans
- Unemployment Insurance: The new stimulus package includes $300 a week for enhanced unemployment insurance. https://portal.ct.gov/DOLUI/FPUC
- Additional Benefits: The stimulus package includes funding for the Paycheck Protection Program, Info for CT businesses: https://business.ct.gov/?language=en_U
- Impact on CT: Stimulus Checks, Social Security, Paycheck Protection Program (PPP), Unemployment Insurance, Rental Assistance (Read the details)
