How Much Will Your Stimulus Check Be? Find Out!
What you get for the Coronavirus Stimulus check depends on your tax returns for 2019. If you haven’t filed yet, then they’ll use 2018 taxes. So, how much can you expect? You can figure it out fast with this free calculator! The COVID-19 Pandemic has most people in quarantine, and many people have been furloughed or laid off. So, the United States government has voted to send checks to people who meet certain criteria.
More than 80% of taxpayers will receive a stimulus payment this year. See if you qualify for a 2020 stimulus check and how much you can expect. They also explain what’s needed to get your payment.
Who gets a Stimulus Check?
Tax filers with an adjusted gross income (AGI) up to $75,000 for individuals, $112,500 for heads of household and up to $150,000 for married couples filing joint returns will receive $1,200 per individual, plus $500 per qualifying child. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible. You’ll need a Social Security number to receive a stimulus check. (Of course, nobody is going to ask you here for your social! This just means that you need to have one to get the check.) If you’ve been claimed as a dependent on someone else’s 2019 tax return, you aren’t eligible to receive a stimulus payment.
If that still confuses you, just use the easy calculator to find out what you’ll get!
What do I need to do to get my stimulus payment?
If you’ve already filed your taxes this year (for 2019), sit tight—there’s nothing you need to do.
If you haven’t filed your taxes yet this year
File with TurboTax today to get your maximum refund, guaranteed and your stimulus check as soon as possible. Otherwise, they’ll use the info on your 2018 return to send your stimulus payment.
If you don’t need to file your taxes this year
If you’re not required to file taxes and don’t receive Social Security benefits, use our free Stimulus Registration for non-tax filers to give the IRS your up-to-date mailing address and direct deposit banking info.
Find out here
Love freebies? Be sure to claim all of the Newest Freebies here! Then, Join all of our FB Groups!
- Related Articles
- Where to get Free Stuff on Tax Day
- Free Tax Calculators!
- How long should you keep documents before shredding?
- Get FREE paper shredding with paper shredding Staples coupon and Office Depot coupons (available closer to the tax deadline)
- Donate to Charity & get up to $500 Write-Off for one bag of used clothes!
- How to Do Your Taxes totally free with FreeTaxUSA, H&R Block, TurboTax, or TaxAct!
Image Source: Money.com