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GENEROUS STIMULUS

If approved, the ABC Act would provide every American with a BOOST debit card that is preloaded with $2,000. The card would be reloaded with $1,000 each month until one year after the end of the COVID-19 crisis.

The bill calls for the use of pre-paid debit cards to assist those who are unbanked or do not have access to check cashing services. Who Would Be Eligible for the $2,000 Stimulus Payment & $1,000 Recurring Payment? Who Would Be Eligible for the $2,000 Stimulus Payment & $1,000 Recurring Payment? Taxpayer, Dependents, Non-citizens, Individuals that don’t have bank account, Social Security Numbers, person with a permanent address. People living in unincorporated territories or protectorates and Americans living abroad. Dependents: The proposal gives an example of a family with four dependents being eligible to receive a pre-paid debit card for each taxpayer and each dependent. For example, a couple with two children would receive 4 debit cards at $2000 each, for a total of $8,000. Non-citizens: This would include permanent residents, undocumented individuals, and temporary visitors whose stay exceeds three months. These pre-paid debit cards would be reloaded with $1,000 each month until one year after the coronavirus emergency ends.

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