Here are key provisions that will be included as part of the agreement, according to summaries of the legislation released by Democratic and GOP leadership:
- Direct payment checks of up to $600 per adult and child
- $300 per week for enhanced unemployment insurance benefits
- Aid for struggling small businesses, including more than $284 billion for forgivable Paycheck Protection Program loans and $15 billion "in dedicated funding for live venues, independent movie theaters, and cultural institutions"
- $25 billion for rental assistance and an eviction moratorium extension through the end of January.
- $20 billion for coronavirus testing efforts
- $20 billion to buy vaccines and make "the vaccine available at no charge for anyone who needs it" and $8 billion for vaccine distribution
- $13 billion in increased Supplemental Nutrition Assistance Program and child nutrition benefits
- $82 billion for education providers like schools and colleges, including aid to help reopen classrooms safely and $10 billion for child care assistance
- $45 billion to support transportation services, including $2 billion for airports, $1 billion for Amtrak and $16 billion for "another round of airline employee and contractor payroll support"
- A tax credit "to support employers offering paid sick leave"
- $7 billion to bolster broadband access to help Americans connect remotely during the pandemic
- The deal will rescind "$429 billion in unused funds provided by the CARES Act for the Federal Reserve's emergency lending facilities"
Didn’t file a Tax Return?
- If you didn’t file your 2019 tax return: Contact me now to get your late tax return filed and submitted to the IRS so that you get compliant and take advantage of this second stimulus payment!
- If you didn’t file for previous years (2018 and before): You have a wonderful option to get compliant with the Streamlined Procedure package. Once you’re tax compliant, the IRS will send you your check.
- If your worldwide income was lower than the tax filing threshold: You may not need to file a tax return, but you can still receive the Stimulus check by applying as a non-filer as a US citizen abroad. You can use the IRS Non-Filer portal to file, but it is recommend you use my services because they’re set up exclusively for US expats like yourself.
