When the Senate passed a gigantic coronavirus economic relief bill that includes checks of up to $1,200 for many Americans, a lot of people reacted like it was a done deal. But even though the House of Representatives approved it today, the bill isn’t a law yet, and it might be a while until you get your “recovery rebate” check. So it’s not yet time to celebrate like it’s payday.
Not sure if you’ll be eligible to get a payment? Worried about what it’ll do to your taxes? Let’s answer some of your most common questions about your much-anticipated coronavirus relief checks.