1348883
You'll need to sign in or create an account to connect with an expert.
No. There is legislation in Congress for a stimulus package. The legislation has not passed Congress yet so the President cannot sign the legislation into law.
The senate is working on a stimulus package which is likely to include at least one $1,000 payment to individuals, phasing out with a 2018 AGI of $75k. Families may receive $2,400 plus $500 per child, likely to be capped. The tentative 2018 AGI for families is $150k for joint filers. All this is tentative and subject to change but there is most likely something pending. No guarantee this won't be taxable though.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
starkyfubbs
Level 4
osbuntax611
Level 1
Susan611
New Member
baconandcoffee
Level 1
Khamanioree008
New Member