The much-talked-about second stimulus package that totals $900 billion was finally signed by President Donald Trump on Sunday evening, according to WIVB.

The relief bill will help businesses who have been financially impacted by the COVID-19 pandemic, along with sending direct payments of $600 to most Americans.

According to CNET, the direct payments will likely be sent a week or two after the bill officially passes which likely means Americans will see the payments sent by early-to-mid-January.

Here's who will qualify for the full $600:

  • Individuals who make $75,000 in gross income annually or less. It will be adjusted up to $87,000 and phased out completely after that.
  • You file as the head of a household (claiming children) and earn under $112,500.
  • You can also file jointly (without children) and earn less than $150,000 and no more than $174,000.
  • Also, any dependent (under 17 years old) will count for an additional $600.

If people didn't qualify for the second stimulus based on 2019 financial data but you would on 2020 data, you still wouldn't qualify for a second stimulus payment. That can be used as a credit against 2020 taxes.

The new relief bill will also extend the federal eviction moratorium into 2021.

Enter your number to get our free mobile app

You can read more details about the second stimulus package here.

10 Famous People Who Went to College in Buffalo