We are living in unprecedented times. Due to the COVID-19 Virus, all of California is on lock-down. The US unemployment rate is expected to be around 15% by the end of this quarter. The stock market is dropping and increasing by over 1,000 points quite often. Most importantly, many Americans are hurting financially as we try to prevent the spread of this worldwide pandemic. The Corona Virus stimulus package was passed in the Democrat-controlled House and Republican-controlled Senate and signed into law by President Trump creating 2 Trillion dollars of new money. This, unfortunately, is bound to cause inflation, making social security checks have even less purchasing power in the future. A large part of this stimulus is set up to provide Americans with cash while they cannot work and are in quarantine. These first checks will start arriving in mid-April by direct deposit into the same account that tax returns have been deposited into; if the checks need to be mailed it would be a few weeks later to 20 weeks afterward. There are specific restrictions regarding who can receive a check and how much it will be. Click on the calculator below to confirm how much you can anticipate receiving.
Stimulus Check Calculator