PORTSMOUTH, Va. (WAVY) – Now that President Trump has passed the $2 trillion stimulus package, an estimated 165 million Americans impacted by the coronavirus epidemic will see some sort of economic boost, including hundreds of thousands of people in Hampton Roads.
Single tax filers will get $1,200 if your income on your most recent tax return was $75,000 or less. You will still get some money if your income was between $75,000 and $99,000. Single filers who made more than $99,000 will not qualify for payments.
For you and a spouse, you’ll get $2,400 if you both made a total of $150,000 or less.
There’s a sliding scale up to $198,000, and if you both made more than $198,000 collectively you’ll get nothing.
Regent University’s Andrew Root
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