No idea,I do know they will use direct deposit but how do they have that info?
I know for sure they have my bank routing info as my tax refund was sent directly to my bank.
Aww, well!
(like your home page info on FR)
Four Key Facets of this Bill
1. $500 Billion in Direct Assistance to Individuals:
· Single individuals making up to $75,000 per year - $1,200
· Married Individuals making up to $150,000 per year - $2,400
· $600 Direct Assistance for individuals with no income tax liability
· Additional $500 per child
· Phase outs (Reduced Direct Assistance):
o Individuals making between $75,001 - $99,000 – Lose $5 in Direct Assistance for every $100 of Earned Income above $75,000
o Married Individuals making between $150,001 - $198,000 – Lose $5 of Direct Assistance for every $100 above $150,000.
· Tax Returns filed for tax year 2018 will be the basis upon which the Direct Assistance will be determined.
2. $500 Billion in Liquidity Assistance for Distressed Industries (Called Exchange Stabilization Fund) – Loans and Loan Guarantees to help distressed corporations and industries.
3. $367 Billion in Loans to Small Businesses – Goal is to help small businesses fund payroll.
4. $250 Billion in Expanded Unemployment Insurance Benefits:
· Provides unemployed individuals a flat weekly payment of $600 in addition to the ordinary benefits they would usually receive.
o This $600 would continue for up to four months
· Extends Regular Unemployment Benefits for an extra 13 weeks
· The Bill expands Unemployment Benefits to cover freelancers and gig workers.
There are other provisions, but the above covers most of those effected.
https://www.linkedin.com/pulse/summary-senate-2-trillion-coronavirus-relief-bill-tom/
Could be from tax returns if you opted to do this BUT what if people have closed that account? What a nightmare!!