Stimulus Check 2 & Second Stimulus Package Update August 25th | No Talk Of More Stimulus Checks The HEALS Act is the latest proposal for the next stimulus package. In this proposal SSI, SSDI, SSA, RRB, VA, 2018-2019 filers and non filers would qualify for a $1200 stimulus check and dependents of all ages would also qualify for a $500 payment. The proposal would include the Restructured Federal Pandemic Unemployment Compensation (FPUC) or enhanced unemployment. FPUC would go from $600 to $200 for two months and then change to 70% or a maximum of $500 in October. The proposal would also provide an expansion of the Paycheck Protection Program, add an Increased Employee Retention Tax Credit (ERTC) and provide a Work Opportunity Tax Credit (WOTC). The HEALS Act would also provide a creation of a new refundable payroll tax credit for coronavirus expenses, a temporary full deduction for business meals, more flexibility for states using the Coronavirus Relief Fund (CRF) & state income tax changes. Furthermore, the proposal would provide $105 billion to fund qualifying schools and liability protection for colleges, universities, businesses, hospitals, etc.
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