Of the $2 trillion distributed in the Coronavirus Aid, Relief, and Economic Security (CARES Act), approximately $300 billion is dedicated to providing direct cash relief to Americans.
As USAFacts described in detail in a recent piece, a significant part of the legislation is a program to provide $1,200 tax rebates to qualifying individuals, with an additional $500 payments per qualifying child. The rebate begins to diminish at income levels above $75,000 (or $150,000 for joint filers). Families in the middle class, or the middle 20% of income earners ($33,000 to $66,000 in income), can expect to gain about $1,958 from the relief checks.
