What we learned from U.S. Rep. Rodney Davis about the COVID-19 relief legislation
Analisa Trofimuk Apr 3, 2020
What are the stimulus checks and how will it work?
“There will be direct investment in families, and that means a stimulus check that will go right to families. It is not called a stimulus check anymore; it’s actually called an economic impact payment so watch out for scammers that say we can get you your stimulus check early. You don’t need to do anything if you filed your taxes and you have a direct deposit for your refund or for your payment to come out of. It is coming right to that account that you have on file with the IRS.
“Those individuals who are eligible, $75,000 for singles, $150,000 for joint-filing, there is a different threshold for head of household, you’re going to be able to get $1,200 for each individual, so up to $2,400 per family plus $500 for those children who are still able to be claimed under the child tax credit.”
What if I am a social security recipient?
“If you are a social security recipient you don’t need to worry about anything. It is going to go directly into the same bank account that you get your social security benefits put into every single month.”