$2 Trillion Stimulus Package Explained
Will You Get A ‘Coronavirus Check’? $2 Trillion Stimulus Package Explained
Kristin Myers Yahoo Finance March 27, 2020
Congress has passed a $2.2 trillion coronavirus stimulus package to help Americans affected by the coronavirus pandemic. The bill includes direct cash assistance, additional unemployment funds, and tax credits to employers. Called the CARES Act, the 880-page long legislation represented a rare moment of bipartisanship; it passed unanimously in the Senate.
Stimulus Checks
The most well-known piece of the bill — stimulus checks — is available only to eligible Americans, based on tax returns. If you have already filed your 2019 tax returns, the Internal Revenue Service (IRS) will utilize those. If you haven’t, any coronavirus assistance will be based on your 2018 returns.
If you didn’t file either year because your taxable income is low enough not to necessitate a filing, don’t worry. The IRS will still be able to calculate your benefit; what’s more, Americans on the low end of the income scale will receive the full benefit.
Your eligibility is based on your adjusted gross income or AGI. Your AGI is the total amount of taxable income before deductions and personal exemptions. Taxable income includes salary, tips, capital gains, and income from dividends or interest.
So if you are calculating how much you might receive, don’t forget to include any bonuses or money made from the sale of stocks (among others). Employer payments of student loans for their workers will now be excluded from taxable income.
What Are The Benefits?
Congress has authorized a maximum of $1,200 for each American, and up to $2,400 for those who file their taxes jointly. Taxpayers with children also receive a flat $500 per child. If you share children with someone but you do not file jointly, the money goes to the person who claims them as a dependent.
What Are The Eligibility Requirements?
To receive the maximum benefit, an individual filer without children must earn $75,000 or less. Joint taxpayers without children can receive the full amount if they earn less than $150,000. Heads of household can earn up to $112,500. After this, the benefit is reduced.
What If I Earn More?
Those who earn more than $75,000 won’t be excluded but the amount of assistance is reduced until an earner hits the cap.
Individual filers without children who earn over $99,000 will no longer be eligible.
Joint filers without children can earn up to $198,000 before they no longer qualify.
What If I Have Children?
The income threshold to qualify for a stimulus benefit is higher when you have children; and with each child the income threshold rises. For example, married couples with two children, filing jointly, can earn up to $218,000 before they’re no longer eligible for a benefit.
Remember, heads of household, or those who file with dependents, can earn up to $112,500 to receive the maximum benefit ($1,200), plus an additional $500 for each child they claim.
What If I Earn Less This Year Than I Earned Previously?
If your previous tax filings make you ineligible but you would be eligible for assistance based on what you earn in 2020, unfortunately you won’t be able receive a stimulus check… immediately. But the funds will be available to you when you file your 2020 taxes. Why’s that? That’s because the money received is a tax credit for the year 2020. If you are eligible for unemployment, the bill will allow for increased unemployment benefits.
How Quickly Will I Get My Money?
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Somewhere in America there's a local ordinance that tells you which way your garage has to face. Another one dictates what your fence can be made of, and a third sets how many square feet of window your house needs. A few spell out the dimensions of particular features down to a quarter of an inch.
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What if Fedwire and SWIFT just gave Ripple two extraordinarily valuable early Christmas gifts?
What if those gifts were not contracts, endorsements or regulatory favors…
…but time?
TNT:
Tishwash: Contractors in the liberated areas are demanding payment of their dues and warning of project stoppages.
The Iraqi Contractors Union called on the Prime Minister, Parliament, and Minister of Finance on Tuesday to intervene urgently to disburse the outstanding financial dues owed to companies and contractors contracted with the Reconstruction Fund for Liberated Areas, noting that the delay of some of these dues for more than two years has caused financial damage to contractors and threatened their ability to continue implementing projects.
Good Afternoon Dinar Recaps,
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The Bottom Line Is Reserves
The Clarity Act still sitting in committee establishes the legal framework for the US Treasury to back digital and revalued currencies against hard assets. Gold. Not promises. Not petrodollar leverage. Physical bullion on US soil. Every sovereign currency that reenters the system under a revaluation protocol needs collateral backing. Iraq’s dinar can’t RV into a vacuum. It RVs into a system. That system needs reserves.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
Reset Intelligence: September First
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September First
By Reset Intelligence | @EXIT_FIAT
Iraq’s bypass export contracts took effect this morning, on the exact date the cabinet set.
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Good Morning Dinar Recaps,
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Is Scott Bessent turning off Iran is then the QFS turned on
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A fundamental restructuring of global economic power is quietly under way, marking a dramatic departure from decades of traditional central banking control.
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Rick Rule puts the U.S. financial system on trial. In this unconventional and provocative interview,
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Oil Prices Climb Above $91 On Renewed US-Iran Strikes
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Brent crude futures were up $1.05, or 1.2%, to $91.54 a barrel at 0455 GMT, while U.S. West Texas Intermediate crude was up $1.27, or 1.5%, to $87.03.
Good Afternoon Dinar Recaps,
Japan's 30-Year Bond Shock: Rising Yields Challenge the World's Debt System
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THE SEPTEMBER 30 CONDITIONAL
Iraq’s announcement that it will not extend the September 30 deadline for US troop withdrawal is the public-facing lever.
TNT:
Tishwash: Al-Zaydi, in a meeting with the framework: The file of vacant ministries will be completed this week.
Prime Minister Ali al-Zaidi confirmed that discussions regarding the vacant ministries will be completed this week, during a new meeting with the coordination framework held in the office of Badr Organization leader Hadi al-Amiri.
According to a statement published by the Coordination Framework, the meeting discussed "the latest developments at the local and international levels," while Al-Zaydi announced at the beginning of the meeting that "discussions related to completing the government formation will be completed during this week, in preparation for sending it to the House of Representatives next week for a vote."
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Tues. 1 Sept. 2026
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Cabinet to vote on Iraq’s 2027 budget in September
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Employee compensation reached 30.769 trillion dinars ($23.5B), while social welfare spending totaled 13.858 trillion dinars ($10.6B), for a monthly average of about 7.438 trillion dinars ($5.68B).