Alexandra Sabalier
December 22, 2020
471
527
2 min

What reliefs are in the Second Stimulus Package?

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.
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