A US Treasury official said that the first batch of bailout aid cash will be issued to the American people this week to help low-income groups ease the economic pressure under the new coronavirus epidemic.
“Some American accounts will receive money.” A senior Treasury official told ABC News on the 12th.
The US Treasury Department said that the first payment will be released by April 15 at the latest. Low-income households or people receiving federal subsidies are given priority. In the economic stimulus package previously adopted, individuals with an annual income of less than $ 75,000 will receive a direct subsidy of $ 1,200 per person. Married couples with an annual household income of not more than $ 150,000 will receive a $ 2,400 subsidy, and each child under the age of 17 will receive an additional $ 500 subsidy.
The bailout will also be paid out to American citizens whose annual income does not exceed 99,000 US dollars. For example, if your income exceeds 75,000 US dollars, every additional 100 US dollars of income will reduce the relief of 5 dollars.
About 80% of Americans are eligible for bailout money. The IRS stated that it may take up to 20 weeks for everyone to receive bail-out payments. For those in urgent need of assistance, you can submit an application on the IRS website.
This plan to directly “pay money” to the American people is part of the US government’s huge $ 2 trillion economic stimulus plan, which aims to provide the necessary relief to the American people suffering from the new coronavirus epidemic.