A bill to amend the Internal Revenue Code of 1986 to provide additional recovery rebates to individuals.
Emergency Direct Payments for Families and Workers Act of 2020
This bill allows individual taxpayers an additional 2020 recovery rebate in the form of a refundable income tax credit in the amount of $1,200 ($2,400 for joint returns). An additional $500 rebate is provided to each qualifying child of the taxpayer. A recovery rebate is a one-time stimulus payment made to eligible taxpayers in response to the COVID-19 (i.e., coronavirus disease 2019) public health emergency.
The amount of the recovery rebate is reduced by a specified percentage of the amount an individual's adjusted gross income exceeds $75,000 ($150,000 for joint returns).
Individual taxpayers and their children must have a valid identification number (i.e., Social Security account number) to claim a rebate.
The Department of the Treasury must conduct a public awareness campaign to inform taxpayers of the availability of the rebate.
Read twice and referred to the Committee on Finance.
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-517.
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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