Because the payments phase out faster than previous rounds, not everyone who was eligible for a check earlier will receive one now -- but for those who are eligible, the new payments will top up the $600 checks approved in December, bringing recipients to a total of $2,000 apiece.

Individuals earning less than $75,000 would receive the full $1,400 and the amount would phase out for those earning more, up to $100,000.

Couples earning less than $150,000 a year would receive $2,800 -- and families with children would be eligible for an additional $1,400 per dependent.

The payments will be calculated based on either 2019 or 2020 income.

Those enrolled in two key pandemic unemployment programs could also continue receiving benefits until that date.

Freelancers, gig workers, independent contractors and certain people affected by the coronavirus could remain in the Pandemic Unemployment Assistance program for up to 74 weeks and those whose traditional state benefits run out could receive Pandemic Emergency Unemployment Compensation for 48 weeks.

The jobless in these pandemic programs will start running out of benefits in mid-March, when provisions in December's $900 billion relief package begin to phase out along with the current $300 federal weekly enhancement.

If you are hungry

Food stamp recipients would see a 15% increase in benefits continue through September, instead of having it expire at the end of June.

And families whose children's schools are closed may be able to receive Pandemic-EBT benefits through the summer, if their state opts to continue it.

It would provide another $5 billion to help states and localities assist those at risk of experiencing homelessness.

If you have children

Along with receiving the stimulus payments described above, most families with minor children could claim a larger child tax credit for 2021.

Plus, households could receive payments monthly, rather than a lump sum once a year, which would make it easier for them to pay the bills.

Families paying for child care services could receive some additional aid.

The bill would provide $39 billion to child care providers, some of which must be used to help families struggling to pay the cost.

Another $175 million would be used for outreach and promotion, creating a Community Navigator Program to help target eligible businesses.