Biden Agrees to Limit Eligibility For Stimulus Checks
WASHINGTON — Senate Democrats plan to give $1,400 checks to fewer people under a deal struck with President Joe Biden, according to two sources familiar with it.
Every American who filed individually and makes up to $75,000 would still get the full amount before it begins to reduce at incomes above that. But rather than zero out at $100,000 earnings, as the last Covid-19 relief bill does, the Senate bill would cut off payments at $80,000, the sources said.
For couples filing jointly, incomes up to $150,000 would still get the full amount. But rather than zero out at $200,000, the Senate bill would cut off payments at $160,000 in earnings.
For taxpayers filing as heads of households, the new plan would make the full $1,400 available for those earning under $112,500, with the payment zeroing out at $120,000.
