Aren't You Excited? Another Round of $1,200 !
Here are the tax proposals in the Senate Republican bill introduced today:
https://www.finance.senate.gov/imo/media/doc/SFC%20CARES%202.0%20Legislative%20Text.pdf
And of course, we can't count on any of them being enacted. But two things I found interesting:
1) People alive on 1/1/20 would be entitled to both rounds of EIP's. (New Section 6428A and amended Section 6428.) Decedents from 2018 and 2019 are not entitled. Too bad for all those taxpayers who sent back the money paid to their recently (this year) departed.
2) Joint returns with an NRA spouse still get $1,200, just not $2,400.
