About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 1 (May 19, 2020)

handle is hein.crs/govdanj0001 and id is 1 raw text is: Researh Service COVID-19: Summary of the Direct Payments Proposed in the HEROES Act (H.R. 6800) May 19, 2020 The Health and Economic Recovery Omnibus Emergency Solutions Act (HEROES Act; H.R. 6800), as passed by the House on May 15, 2020, proposes new direct payments to individuals, which the bill text refers to as additional recovery rebates to individuals. Direct payments were included in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136), which was signed into law on March 27, 2020. This Insight provides a brief overview of the additional direct payments included in the HEROES Act. (The HEROES Act would also modify the direct payments in the CARES Act. These changes are summarized in a companion Insight). Payment Amount The HEROES Act direct payments would equal S 1,200 per eligible individual ($2,400 for married taxpayers filling a joint return). Taxpayers would also receive $1,200 for each dependent, up to three dependents. Hence, the largest payment would be $6,000 for a married couple with three or more dependents. These payments are in addition to the CARES Act direct payments. The payment amount would phase out at a rate of 5% of adjusted gross income (AGI) above $75,000 (S 112,500 for head of household filers and S 150,000 for married joint returns). An illustration of the amount of the rebate by income level is provided in the figure below Congressional Research Service https://crsreports.congress.gov IN11397 ClRS NSIGHT Prepaed for Membe's arhd Cornmittees of Congress .....

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most