4/3/20

Stimulus Package: Plain and Simple

Name: ABCRON Enterprises LLC
Address: 2700 Neabsco Common Place Suite 101, Woodbridge, VA, 22191, US
Telephone: 703-986-4958

Plain English breakdown of the CARES Act Economic Impact Payments ($1,200 individual, $2,400 joint, $500 per child), AGI phase outs, and extended IRA and HSA contribution deadlines.

Full Economic Impact Payments applied up to $75,000 AGI for individuals and $150,000 for married couples filing jointly, phasing out by $5 for every $100 above those thresholds. IRA and HSA contribution deadlines were also extended alongside the federal filing deadline.