Issue Brief: Stimulus Payments in Florida
March 17, 2021 / RERI Research Team / Tags: Issue Brief, Reports
After circulating through the House and Senate, the American Rescue Plan Act was signed into law by President Joe Biden on March 11th, 2021. Among other features, the bill will provide an economic impact payment of up to $1,400 to individuals making up to $75,000 annually, marking the third stimulus check the Federal Government has issued to American families since the onset of the Covid-19 pandemic. While stimulus payments represent much needed relief for many households, how they choose to use the economic impact payment will largely depend on the financial scenario the household is in.