Congress has just approved a $2 Trillion stimulus bill to assist individuals, businesses and governmental authorities faced with economic hardship and uncertainty as a result of the COVID-19 pandemic.  The bill was promptly signed into law by President Trump.  Here is a summary of the key components of the legislation:

Payments to Individuals and Families

The bill provides for direct payments by the federal government to all qualifying individuals in the United States.  Qualifying single individuals who earn up to $75,000 will be paid $1,200, married couples will receive $2,400, and additional payments would be made in the amount of…

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