JUST IN: Americans are starting to receive their cash payments via direct deposits, part of the $2T bill passed by Congress to stimulate the economy after the decline caused by the coronavirus pandemic.
For those that made more than $75,000, payments will be reduced by $5 for every $100 of income that exceeds the limits. The payment decreases to zero for an individual making $99,000 or more or a couple making $198,000 or more.NBC News appOwing back taxes or other debt to the government does not disqualify a person from being eligible for the payments. However, Americans who are overdue onThe CARES Act that authorized the direct payments only approved a one-time deposit.
President Donald Trump has said that he"likes the concept" of a second round of payments and House Speaker Nancy Pelosi, D-Calif., said on CNN last month that"we think we'll get more direct payments in another bill," suggesting that Congress could revisit the issue.
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