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S. 4999

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to provide additional recovery rebates to individuals.
About This Bill
Committee
Latest Action · December 10, 2020
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
December 10, 2020
Cosponsors (0)
None
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Summary

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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.

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