By Eric Baerren of the Morning Sun
If the federal government has the information to route money to your bank account electronically, you might be in line for the first round of stimulus checks, which could come as early as next week.
The amount of money pumped into Isabella, Gratiot and Clare counties could be more than $100 million, according to a report published by a Lansing-based think tank Public Sector Consultants. The same report said that Michigan overall will receive approximately $7.7 billion.
The CARES Act, signed March 27, creates a baseline benefit of $1,200 for individual income tax filers and $2,400 for married couples. It adds $500 for every dependent child. Individual filers who an adjusted gross income of less than $75,000 will receive the full benefit. Above $75,000, that benefit is incrementally reduced until the $99,000 mark, where it is phased out. For couples who file jointly, the ceiling is $198,000 if there are no children living at home.