Government Economic Relief 2024. We modeled the economic, revenue, and distributional. Starting in march 2020, the coronavirus aid, relief, and economic security act (cares act) provided economic impact payments of up to $1,200 per adult for eligible individuals and $500 per qualifying child under age 17.

Individuals who didn’t get a first or second round economic impact payment or got less than the full amounts may be eligible for the 2020 recovery rebate credit, but they’ll. Americans have been holding their breath for another stimulus payment since the last one was issued in 2021, and many are wondering if a new round will be in store in 2024.