Feb 18, 2021
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About this Deal
New $1,400 direct payments are among the aid expected to be included in the package. The proposal also includes other measures to help Americans get through the ongoing pandemic, such as more enhanced federal unemployment benefits and raising the federal minimum wage to $15 per hour.
Currently, the terms call for direct payments of $1,400 per individual, or $2,800 per married couple, plus $1,400 for both child and adult dependents.
The legislation is expected to become final around early to mid-March.
At that point, the IRS will be deep into tax-filing season, which could make it more challenging for the tax agency to process both payments and incoming returns, said Howard Gleckman, senior fellow at the Urban-Brookings Tax Policy Center