LIVE: The Treasury provides details on the $ 600 payout of the federal economic stimulus

Via social networks, Secretary of the Treasury Department, Francisco Parés Alicea, and his work team will provide details today on the $ 600 economic impact payment schedule.

On the Facebook page @DptoHacienda and the YouTube channel @haciendapuertorico, it was announced that the live broadcast will take place today at 3:00 PM. The officials will also discuss the approval, by the U.S. Treasury Department, of the Treasury’s plan to distribute these federal funds among the residents of Puerto Rico.

Follow the live broadcast here:

The government announced yesterday that the distribution of the $ 600 economic stimulus package has begun, a process that will continue on the island for the next four weeks.

As provided by federal law, the incentive will be received by individuals with valid Social Security, who have resided in Puerto Rico during the tax year and who have not been claimed as dependents on another person’s income tax return.

The $ 600 economic impact payment to each citizen and their families was approved in late December as part of a package of federal measures to deal with the blow that the COVID-19 pandemic has dealt to the economy of the United States and its territories.

The Treasury estimates that 2.8 million residents of the island, including minors, will benefit from these controls. Reportedly, the Treasury Department will send approximately $ 1.7 billion to Puerto Rico for the disbursement of this money.

Under federal law, the incentive payment is $ 600 per person. If the person is married, the payment would be $ 1,200 per couple. In addition, $ 600 is sent for every dependent under the age of 17.

This is the second federal incentive to be enacted into law during the pandemic, as the first consisted of checks for $ 1,200 per person under the federal CARES law signed in March 2020.

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