Individual Payments from 3rd Stimulus Package (May Cover Eligible Employees, Independent Contractors, and Firm Owners):H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, otherwise known as the third coronavirus relief Stimulus Package, was enacted into law on March 27, 2020. According to the CARES Act, the Internal Revenue Service (IRS) will be notifying eligible individuals regarding when and how much coronavirus relief funding they can expect to receive. The individual or household relief will be in the form of either a mailed check or direct deposit.
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