A $1,400 or $2,000 stimulus check per qualified adult could add up fast for households. Here’s how to calculate how much money you’d get.
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Sending out a third stimulus check as soon as possible is at high on President Joe Biden’s agenda. More stimulus payments of up to $1,400 per qualified adult are a major part of his $1.9 trillion stimulus proposal. While more than twice the size of the second stimulus check, which maxes out at $600 per person (and adds another $600 per child dependent), Biden’s plan for a next stimulus payment also snips hundreds of dollars off the promised $2,000 check that had been gaining momentum since mid-December.
Biden and his administration are framing the $1,400 threshold as a continuation of that earlier $600 second payment, which would bring the combined upper limit to $2,000 per person when you add up both checks.
But that could come with its own complications, too, including how a final stimulus bill would deal with dependents — would they all count for more money per head in the third round, or only those who were previously disqualified? Who else would qualify for stimulus