Resource Spotlight: National Disability Institute (NDI)’s guide to COVID-19 Stimulus Payments.
“This page will answer frequently asked questions about the economic impact payments (EIP), also commonly known as stimulus payments. On December 22, 2020, Congress approved a new relief package which expanded EIP payments issued in 2020 as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act).
The new legislation provides a full credit amount for eligible individuals of up to $600 per individual, $1,200 per couple and $600 for children. It is available for individuals with adjusted gross income (AGI) at or below $75,000 ($112,500 for heads of household) and couples with AGI at or below $150,000. If you have children, you will receive an additional $600 per child. The size of the benefit will be reduced for people who earned more than $75,000 ($112,500 for heads of household and $150,000 for couples); it will not be made to individuals who earned more than $87,000 or couples (without children) who exceeded an AGI of $174,000. A family of four will not receive any rebate if their AGI exceeds $198,000. If you received an economic impact payment earlier this year under the CARES Act, this new payment will automatically be provided to you in the same method that your previous payment was made. This includes Social Security beneficiaries, railroad retirees and those receiving veterans benefits.”
Find this and more on our COVID-19 Resources page.
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