As a response to the coronavirus pandemic, the government passed the $2 trillion CARES Act, a rescue package designed to help ward off a recession. It covers economic assistance for families, businesses, renters and people who are out of work — including payments up to $1,200 a piece to individuals. But not every person is eligible to receive a check and not everyone gets the maximum allowance.
For many, the financial relief package raises complex questions about who qualifies, how much money they can actually expect, when they’ll get their payment and what could be delaying the receipt of a check. The conversation around the relief package now also includes the possibility of a second stimulus check, for as much as another $1,200 per person.
We’ll try to answer your common questions about how the stimulus check works, including:
- Ten reasons and
- If you’re eligible to receive a check and how much of the $1,200 amount you might be able to get.
- How to use an EIP prepaid debit card if you receive one.
- if you don’t see the money post in your bank account (some have experienced ).
- What to do if you’re usually exempt from filing taxes or receive federal benefits.