COVID Relief Bill Passes, More Stimulus Checks Are on the Way

If you've been eagerly awaiting another round of stimulus checks, the wait is almost over. Today, the House passed a $1.9 trillion COVID relief bill that includes $1,400 stimulus checks. The Bill cleared the Senate over the weekend. While most Americans will receive an additional stimulus check, there are some exceptions dependent on your income.

Now you're probably asking yourself "how soon am I going to get my check?". At this time, it's unclear as President Biden has yet to officially sign the bill. He's expected to execute it as soon as Friday. If it does get signed on Friday, many experts believe that payments could be hitting bank accounts by next weekend.

Now, as I mentioned before, there are some restrictions on who will receive a check this time around. The 'American Rescue Plan' as its called will limit the $1400 payments to individuals making less than $75,000 or couples who make less than $150,000 a year if you file jointly.

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In addition to the stimulus checks, the bill has other provisions to help out folks affected by the COVID-19 pandemic. Those include an extension of the current extra unemployment funds and an expansion of the Child Tax Credit for low-income households.

So, unless something crazy happens (which, lets face it...you can never count out an insane turn of events), you should expect to start seeing some extra stimulus money hitting your account by next weekend.