Stimulus Deal Has Passed, How Will it Impact You?.<br />Congress passed the roughly $900 billion <br />relief package late Monday night.<br />It allows for a second round of <br />direct stimulus payments for Americans, <br />this time in the amount of $600.<br />Single individuals who filed their 2019 tax returns <br />electronically and who make less than $75,000 a year<br />could receive a direct deposit as early as next week.<br />Families making less than $150,000 would receive <br />$600 payments for both spouses and each <br />dependent child under the age of 16. .<br />Partial payments will be doled out to those <br />who make more than the cut-off, with payments <br />subtracted by $5 for every $100 made beyond the limit.<br />Those who received paper checks will receive their <br />second round payments in the coming weeks.<br />Unemployment payments will also get a weekly <br />$300 boost that will last through March 14.<br />These payments apply to both state benefits <br />and federal pandemic unemployment assistance.<br />$25 billion has also been allotted to assist renters <br />in danger of being evicted, or who have simply fallen <br />behind in rent due to the pandemic.<br />For those who meet certain conditions, <br />assistance will be prioritized for lower income families <br />who have been unemployed for three months or more.<br />The moratorium on rental evictions has <br />also been extended through January.<br />In order to qualify, renters can fill out the <br />form on the Centers for Disease Control website <br />in order to determine eligibility.<br />Foreclosure protection has also been extended through <br />the end of Jan. for single-family homeowners whose <br />home loans are backed by Freddie Mac or Freddie Mae.<br />The bill also reinstates pell grants for prisoners, and <br />removes the cutoff for government paid interest payments <br />for enrolled college students with subsidized loans
