CARES Act provides stimulus check

cbsnews.com

cbsnews.com

On Friday, March 27, President Trump signed the largest relief bill the United States has seen in modern history. The Coronavirus Aid, Relief, and Economic Security act (CARES Act) is a $2.2 trillion dollar bill that will give aid to millions of Americans across the country. It was passed in the Senate on March 25. 

According to NBC.com, all Americans with a yearly income who make up to $75,000 will receive a $1,2000 check. Couples that make up to $150,000 a year will receive $2,400. For every child under the age of 17, families will receive a $500 check. 

“The legislation also provides $100 billion to hospitals; $350 billion to small businesses; $500 billion to corporations, including airline companies and cruise lines; and about $150 billion for state and local stimulus funds,” says NBC News.

Not everyone will be receiving the stimulus check. You have to  be up to date on your 2018 and 2019 taxes. Those who are not will receive a bonus in their tax returns for 2021.

The Washington Post said, “Congress intended for most middle-class and less affluent Americans to receive a check, but… some groups… were left out…People who are claimed as a “dependent” on someone else’s tax return, as many college students are, do not qualify for the stimulus checks.”

This stimulus check is extremely important to Americans around the country, but especially for the people right here in Utah. Make sure to finish filing your taxes so you can get the stimulus check. The deadline for filing tax returns for 2019 has been extended to July 15.