To: hsmomx3
I haven't read the new bill but if this bill is similar to the last one then you might qualify.
"Taxpayers with little or no income tax liability, but at least $2,500 of qualifying income, would be eligible for a minimum rebate check of $600 ($1,200 married).
Qualifying income includes earned income, as well as Social Security retirement benefits and certain compensation and pension benefits paid to veterans.
This ensures relief gets to low-income seniors and disabled veterans," the summary reads.
As I said if this bill is similar to the last one, it looks like even the folks on SS would qualify.
The differences that I do know about are the dollar amounts.
Instead of the pooer folks only receiving $600.00, they changed it to $1,200.00 for the lower incomes too.
(Each spouse would receive $1,200.00)
Of course, this is all just guess work on my part!
I referenced the following:
https://thehill.com/policy/finance/488574-gop-senators-raise-concerns-over-smaller-checks-for-lower-earners>
108 posted on
03/25/2020 1:20:04 AM PDT by
justme4now
(Falsehood flies, and the Truth comes limping after it)
To: justme4now
This is from the new bill according to The Hill:
"It will also give a one-time check of $1,200 to Americans who make up to $75,000.
Individuals with no or little tax liability would receive the same amount, unlike the initial GOP proposal that would have given them a minimum of $600."
This just explains what I tried to explain in my other post. :-)
(Pretty sure that the SS part would still stand.
111 posted on
03/25/2020 1:36:48 AM PDT by
justme4now
(Falsehood flies, and the Truth comes limping after it)
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