Saturday, March 21, 2020

Senate Corona virus response

My understanding of the government response and initial support to the US population is as follows:
Single Individuals will get $1,200 (income caps of $75,000 to 99,000)
Married couples will get $2,400   (income caps of $198,000
Dependents add to that $500.

This will almost certainly not be the only support, it is just the first installment.  Checks should be mailed out within 2 weeks from Congressional agreement and the bill getting the President's signature.

Businesses will get other tax help not considered in this memo