Proposal: $1,000 Stimulus Checks For Individuals & Dependents—How Does It Compare To The $1,200 Check Proposal?

Proposal: $1,000 Stimulus Checks For Individuals & Dependents—How Does It Compare To The $1,200 Check Proposal?

Here’s what you need to know.

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The CAAF Act, introduced by Senators Bill Cassidy, M.D. (R-LA), Steve Daines (R-MT), Mitt Romney (R-UT), and Marco Rubio (R-FL), would provide $1,000 stimulus checks for eligible adults and dependents (press release). 

Blue – Democrats
Red – Republicans

There are no age limits for dependents. This differs from the stimulus check payments made under the CARES Act, which limited stimulus check payments to dependents ages 16 and under. The age limit cut out millions of high school, college-age, and adult dependents.

As mentioned the CAAF and HEALS Act proposals share the same income eligibility rules and both offer stimulus checks to all dependents, regardless of age.

The big difference is the amount of the check.

CAAF Act:

  • $1,000 for adult taxpayers
  • $2,000 for married filing jointly
  • $1,000 for each eligible dependent, regardless of age

American Workers, Families, And Employers Assistance Act (Part of the HEALS Act)

  • $1,200 for adult taxpayers
  • $2,400 for married filing jointly
  • $500 for each eligible dependent, regardless of age

Source: forbes.com


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