House passes $2.2 Trillion Stimulus Package

Written by on March 27, 2020

The house approved a $2,200,000,000,000.00 (2.2 Trillion Dollar) stimulus package earlier today by voice vote. This is the largest economic relief bill in United States History.

What does this mean for you? If you make $75,000 or less ($150,000 for couples), you will receive a direct payment of $1,200 ($2,400 for couples). If you have children, you will also receive an additional $500 per child. If you make more than $75,000 (or $150,000), and make less than $99,000 ($198,000 for couples), you will receive a reduced payment. If you make more than that, you will not be eligible for a payment.

In addition to direct payments, the stimulus package temporarily increases unemployment, provides $150 billion to help state and local government provide basic and emergency services, provides $150 billion for the health care system, and provides billions more for loans to large industries and small businesses.

The package will now be signed by President Trump. Final details are still unclear, such as how long it will take for payment to go out. Many sources seem to think direct deposit amounts will begin going out very soon, with paper checks taking up to a couple of months.

The IRS has a dedicated web page for information pertaining to the stimulus package at

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