Stimulus check amount, deadline, requirements, payment timeline: Everything to know. A second round of $1,200 checks isn't the only proposal Washington is considering to get the US economy through a damaging recession. President Donald Trump raised the idea of a travel tax credit during a White House round-table discussion in May as a way to sow money back into the US economy during the coronavirus pandemic.
"Create an Explore America tax credit that Americans can use for domestic travel, including visits to restaurants," the president pitched during the meeting. "That's a big deal."
Building on the president's idea, the US Travel Association suggested a $4,000 temporary travel tax credit (PDF) that could cover anything from meals and lodging to gasoline while traveling in the US. It isn't clear if the travel credit would supplement or replace another direct payment to you, if it were to become part of the rescue package. Other proposals include incentives for businesses that might skip personal checks for individuals and families. The stimulus checks Congress authorized in March are part of the much larger CARES Act that's injected money into small businesses and other concerns to help cushion against today's coronavirus recession. For individuals and families, the bill's allowance of up to $1,200 per person sounds simple, but it's anything but. It's easy to get tangled up in the details of which people qualify for a payment, when they'll get it and how much money they'll actually receive.
If you're still waiting for news about your stimulus check or looking ahead and wondering what Washington is doing about a second stimulus check for 2020 and how much could you get with another round, we can help you learn more about your payment.
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