Before everyone asks ...
I belong to a lot of
Old Fart forums, (Yes, I am one) and a lot of them ask if they will get a 'relief check' like others.
I did my best to find an answer and for now .. I think that I have found it!?
I haven't read the new bill but if the new bill is similar to the last one (referenced here) then you might qualify, even if you are on social security.
"Taxpayers with little or no income tax liability, but at least $2,500 of qualifying income, would be eligible for a minimum rebate check of $600.($1,200 married).
Qualifying income includes earned income, as well as Social Security retirement benefits and certain compensation and pension benefits paid to veterans.This ensures relief gets to low-income seniors and disabled veterans," the summary reads.As I said, if this new bill is similar to the last one, it looks like even the folks on SS would qualify.
The differences that I do know about are the dollar amounts.
Instead of the poorer folks only receiving $600.00, they changed it to $1,200.00 for the lower incomes too.
(Each spouse would receive $1,200.00)
Of course, this is all just guess work on my part!
I referenced from the following website:
https://thehill.com/policy/finance/488574-gop-senators-raise-concerns-over-smaller-checks-for-lower-earners==================================
Below is from the new bill according to
the hill:"It will also give a one-time check of $1,200 to Americans who make up to $75,000.Individuals with no or little tax liability would receive the same amount, unlike the initial GOP proposal that would have given them a minimum of $600."This just explains what I tried to explain in my other post. :-)
(Pretty sure that the SS part would still stand.)
