Congress is about to pass a third stimulus package, including $1,400 direct payments.
On Saturday, the Senate approved a $1.9 trillion stimulus package by a vote of 50 to 49, clearing the way for its final passage through the House early next week, after which President Joe Biden is expected to sign the package into law. That means a third round of direct cash payments will soon be on the way — but there are a few differences from the stimulus bill Congress passed in December. Specifically, this round of payments will be quite a bit larger for most of those who received checks previously. Instead of the $600 that was sent out in December, individuals will receive as much as $1,400, depending on their income. However, the income threshold to receive a check will also be stricter this time around, after moderate Senate Democrats used their leverage to negotiate a lower maximum eligible income with the Biden White House.
