Bloomberg Tax
Dec. 28, 2020, 12:59 PM

What You Need to Know About a Second Stimulus Payment: QuickTake

Laura Davison
Laura Davison
Bloomberg News

The economic relief measure approved by the U.S. Congress includes a second round of direct stimulus payments to households -- an acknowledgment that families need another injection of cash to get through the latest surge in coronavirus cases and the restrictions that followed. The hope is that the payments, along with additional money for small businesses, the unemployed and more nutrition benefits, can help bolster households and combat rising poverty rates. Lawmakers approved $600 checks for most adults and $600 for each of their children. After calling those amounts too small, President Donald Trump relented and signed the bill into ...