Qualifying individuals can receive up to $600 each ($600 for a single filer and $1,200 for those who file married-filing-joint). This amount is half of the first round of EIP. However, this second round includes an additional $100 for qualifying children up to $600. Phaseout thresholds are unchanged.
For more information, see the IRS' News Release 2020-280 which has more details on these upcoming payments.
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