When Can Kalamazoo Expect Relief Checks And How Much?
At this point we are still waiting for congress to finalize the aid package. But in the event it goes through here's what it looks like. According to an article on wzzm13.com, until last Thursday afternoon, that proposal was only talk. But then, senate Republicans revealed their trillion-dollar plan -- which included sending people checks.
Here's how that proposal would work. The government will use data from 2018 tax returns. Individuals who made less than $75,000 will get a $1,200 check. If you made between $75,000 and $99,000 you'll still get some money, but the amount decreases slightly the more you made. If you made more than $99,000 you're out of luck; this proposal offers you no money.
Couples filing jointly would get $2,400 if they made less than $150,000. They get nothing if they made more than $198,000. Anything in between, they'd get something less than $2,400. There's also a $500 bonus for each child a person or couple has. Meaning, under this proposal, a family of four making less than $150,000 could see a $3,400 check. There's also an exception for people whose income was so low they didn't have any tax liability; those people will receive just $600 each. Technically, the money is a tax rebate, but the current bill tells the treasury to send the checks as soon as possible. Under the Republican plan, it'd be a one-time payment.