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Economic Impact Payments

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posted on 2023-11-06, 21:18 authored by Mary DalyMary Daly, Sunwoo RyuSunwoo Ryu, Ertugrul PolatErtugrul Polat
Economic Impact Payments were provided

History

Country

United States

Policy Area

Additional income support for families with children

Measure

Cash transfer

Eligibility

Households earning up to $99,000 in case of single taxpayers, $136,500 in case of taxpayers filing as head of household and $198,000 in case of married couples filing a joint return

Type

Cash (social assistance)

Start / Announced Date

27/03/2020

End Date

15/10/2020

Amount

A one-off payment of $1,200 per eligible individual and $500 per eligible child under age 17, which was reduced if adjusted gross income was greater than $75,000 for individuals, 112,500 for heads of household, and $150,000 for married couples filing a joint (income tax) return

Total Cost

$290 billion

Recipients

Parents

Route to the child

Indirect

Sources

Gentilini, U., Almenfi, M., Orton, I. and Dale, P. (2021) Social protection and jobs responses to COVID-19: a real-time review of country measures ("living paper” version 15). 14 May 2021. Available at: https://openknowledge.worldbank.org/handle/10986/33635 U.S. Department of the Treasury (2020) Economic impact payments. Available at: https://web.archive.org/web/20230109145340/https://home.treasury.gov/policy-issues/coronavirus/assistance-for-american-families-and-workers/economic-impact-payments

Access the full dataset here

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    Child Policy During COVID-19 Database

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