Billion-dollar listing: U.S. investors are lining up to bid on a freshly legislated TikTok. A top contender? Former treasury secretary Steven Mnuchin. If a sale happens, don’t expect China to give up its algorithm — whoever buys it will get the brand but probably not the tech behind it.
4 things you need to know about your stimulus check
The coronavirus pandemic has been a blight on the national economy. Not only are people suffering physically from the disease, but the number of jobs and livelihoods threatened by the virus have made the situation even more dire.
To save the economy from spiraling further out of control, President Trump signed a new coronavirus relief bill into law that offers immediate financial relief to individuals and businesses affected by the pandemic. Tap or click to find out what’s inside the bill.
But legal matters can be complicated, and this historic relief bill is no exception. To make it easier for our readers, we’re showing you everything you need to know about your upcoming stimulus check and how to get your hands on it.
1. Who is eligible for a government stimulus check?
President Donald Trump signed the landmark $2 trillion dollar stimulus bill for businesses and taxpayers on March 27, just days after the legislation was passed by both houses of Congress on a bipartisan consensus.
The bill will provide financial support to millions of businesses and individuals affected by the global pandemic, and as part of the aid package, American citizens can expect a stimulus check from the United States government in just a few short weeks.
Eligibility is determined by tax returns filed for the 2019 and 2018 tax years, with payments being phased out for high-income individuals making $99,000 or more annually.
Married couples will see payments being phased out for couples making over $150,000 annually. Additionally, married couples making between $150,000 and $198,000 will receive smaller checks.
Unemployed individuals will still be eligible for the stimulus check, but they will have needed to file taxes for either the 2018 or 2019 tax years to qualify. They can also apply for unemployment insurance, which saw a $600 weekly increase thanks to the relief bill.
2. How much am I eligible for?
The relief bill pledges funds for the Department of the Treasury to direct cash payments to taxpayers. These amounts include up to $1,200 for adults and $500 for each dependent under 17.
Married taxpayers filing jointly will receive a $2,400 instead, and will still qualify for the $500 per child depending on the size of their families.
You're about to get paid - find out how much coronavirus stimulus money you're entitled to
The economic fallout of the coronavirus pandemic could be with us long after the spread of the virus wanes. In just a few short weeks, millions of workers filed for unemployment as vital industries came crashing to a halt.
Tax filing deadline moved to July 15 - here's the best DIY software
Updated 03/20/2020 – Since everyone is preoccupied with the coronavirus pandemic, the U.S. government has decided to allow more time to file taxes. Secretary of the Treasury Steven Mnuchin announced the move via Twitter. Tax Day has officially been moved from April 15 to July 15 for all taxpayers and businesses. You can take this additional time to file and make payments without interest or penalties. (Scroll down to see the official tweet.)