When to expect benefits from stimulus package
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With the stroke of President Trump’s pen, history is made.
The $2 trillion stimulus bill is now law and the largest stimulus bill in US history.
The stimulus suspends student loan payments, adds protections against foreclosure and also helps the airline and travel industries.
Single individuals could receive as much is $1,200 if you make $75,000 or less a year.
Couples may get as much is $2,400.
That amount could be less depending on how much you make.
Most parents would get $500 per child.
So the question now is when will you see the benefits?
Treasury Secretary Steve Mnuchin says Americans could receive funds in three weeks through direct deposit or by check.
The economic aid package also has $350 billion for small business loans.
A portion could be forgiven if businesses continue to employ and pay their workers.
It’s unknown how long it could take for small businesses to receive loans but government officials hope to expedite the process.
Posted – 3.28.20