$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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Gold’s Investment Case Has Fundamentally Changed, And Rising Yields Are No Longer A Dealbreaker - FTSE Russell’s De
By Neils Christensen (Kitco News) - Rising bond yields are creating a significant headwind for gold, but investors should be careful about applying the precious metal’s traditional relationship with interest rates too rigidly, as structural changes in global demand continue to support elevated prices, according to FTSE Russell.
Why Is the U.S. Dollar the World's Dominant Reserve Currency?
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Bill Holter warns that today’s debt and derivatives-driven financial system could be approaching a breaking point.
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Why Gold Prices Could Keep Rising Despite High US Yields And Interest Rates
Analysts expect gold prices to continue rising into 2027.
Updated Sep 21, 2026, 05:56 PM
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Good Afternoon Dinar Recaps,
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India’s central bank is rapidly absorbing excess banking liquidity as bond sales, foreign-exchange swaps and rupee management begin reshaping conditions across the country’s financial system.
Iraq/Iran War, Global Currency Reset Update: Holly Celiano
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The global financial landscape is undergoing a profound and highly coordinated transformation. As nations seek to move away from legacy monetary frameworks, a complex web of geopolitical negotiations, economic positioning, and structural reforms is taking shape.
At the center of this evolution are critical developments in Iraq, strategic shifts in South American oil exports, and the operational mechanics of a broader global currency reset.
Emailed to Recaps: Thank you David
Reset Intelligence: The Summit.
By Reset Intelligence | @EXIT_FIAT
Everyone who can end this war landed in one city inside the same 48 hours.
Iran's president needed his enemy's visas to get there. Iraq turned the Iranian planes away at dawn.
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Investing news: 9-21-2026
Bill Holter of BillHolter.com believes gold's next leg higher has already begun, and its ultimate catalyst is the financial markets themselves. "I think price wise, we're early, Time wise, I don't think there's a lot of time left before we see the implosion of fiats.
The inverse of that is an explosion of prices of everything down to a stick of gum or a cup of coffee," he said. Holter also explains how a gold price of US$180,000 per ounce could be "laughably low" in the long term.
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Money and business Economy News – Baghdad Government spokesman Haider al-Aboudi said on Tuesday that Prime Minister Ali al-Zaidi will present Iraq's vision on the security of the region and its economy to the United Nations, pointing to the keenness of Iraq and the United States to develop the partnership between the two countries and raise it to a distinctive strategic level.
Good Morning Dinar Recaps,
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TNT:
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The Media Department of the House of Representatives stated in a statement received by "Baghdad Today" that the Finance Committee, headed by MP Uday Awad and with the attendance of its members, held a meeting today, September 21, 2026, to discuss the final accounts report for previous fiscal years.
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MoneyWatch: Managing Your Money
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Rob Cunningham: Why the New DLT Monetary System Could Soar Soon
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WHY THE NEW DLT (Distributed Ledger Technology)MONETARY SYSTEM COULD SOAR – SOON!
My KUWL Optics: We could be approaching the moment when years of preparation become visible adoption.
Consider the potential convergence:
• Regulatory clarity unlocks institutional commitment.
Good Afternoon Dinar Recaps,
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Parliamentary Warning Of A Severe Financial Crisis
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Al-Daraji told Al-Maalouma that “the economic reality clearly indicates the existence of a real financial crisis that requires objective and serious solutions by the concerned authorities to mitigate its effects.”
Sometimes This Time Really Is Different
Notes From the Field By James Hickman (Simon Black / Sovereign Man) September 21, 2026
Some time in the middle of the second century AD, on the shores of the extremely picturesque Lake Iznik in modern-day Turkey at the site of the ancient city of Nicaea, a boy named Cassius Dio was born into a locally prominent family. His father was a Roman politician, his mother was Greek, and young Cassius Dio grew up in a bilingual household speaking Greek and Latin at a time when the Roman Empire was at its absolute peak.
TNT:
Tishwash: Al-Zaidi meets Trump in New York ahead of the end of the coalition's mission.
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During the visit, al-Zaidi is scheduled to meet with US President Donald Trump, at a time when the country is witnessing a withdrawal of coalition forces as the September 30 deadline approaches.
This visit comes at a different political juncture, as the Iraqi diplomatic move intersects with an internal debate about restricting weapons to the state and the future of the American military presence in Iraq.
Emailed to Recaps: Thank you David
Reset Intelligence: The Precipice
The Precipice
By Reset Intelligence | @EXIT_FIAT
Iran threatened decisive war over the weekend, then did the quiet thing that matters: it sent Washington its terms through Qatar. All three conditions made public ask for money.
And in Baghdad, the central bank stood up in public to defend the price of the dinar as the street pressed 160,000.
CBI currency sales drop $18.5B in eight months
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