S. 4381 · 116th Congress
Coronavirus Assistance for American Families Act
- Stage
- In committee
- Sponsor
- Bill Cassidy
- Introduced
- 2020-07-30
- Latest action
- 2020-07-30 · Introduced in Senate
Summary
Coronavirus Assistance for American Families Act
This bill allows individual taxpayers an additional 2020 recovery rebate in the amount of $1,000 ($2,000 for joint returns), plus $1,000 for each dependent of the taxpayer. The amount of such rebate is phased out for taxpayers whose adjusted gross income exceeds $75,000 ($150,000 for joint returns). A recovery rebate is a stimulus payment for taxpayers and their dependents who are adversely affected by COVID-19 (i.e., coronavirus disease 2019).