Stimulus check: Are You Eligible for $1,200? What YOU Need to Know!
Whether you meet the requirements for another stimulus check under the HEALS Act depends on your income, marital status, dependents and citizenship – among other things.
While Congress is still debating the details of a second stimulus package, we do know a few things. For example, who will qualify looks very similar to those who qualified for the first $1,200 stimulus check; and, those who qualified for the $500 dependent stimulus. Last Spring, we showed you how to find out what you were getting, how to make sure you were set up for direct deposit, and when you’d get your money.
The first stimulus check in the CARES act, passed by Congress, was $1,200 per person, and more for families with children. In addition, unemployment benefits included $600 per week for qualified recipients. And, small businesses were able to get loans to help keep paying its employees under the Paycheck Protection Program. Whether to extend this to Dec. 31 is being discussed. Also, unemployment benefits could be extended.
More People Could Qualify for HEALS Stimulus Plan
The Senate Republicans’ HEALS Act would follow the payment guidelines set out in the first stimulus package, known as the CARES Act.
“We are going to continue the economic impact payments that were made in April and May,” Senator Chuck Grassley said Monday. Grassley also said, “[HEALS] includes just a few people that were unintentionally left out of the last one. Mostly dependents, college and adults, that are somebody else’s dependents.”
Who Would Qualify for a HEALS Act payment
- Single U.S. residents with an adjusted gross income less than $99,000.
- Head of a household earning under $146,500.
- Couple filing jointly without children and earning less than $198,000.
- A dependent child or adult.
In the CARES Act, the cutoff to receive a $500 dependent check was age 16 and younger. That could change to any dependent for the next round of stimulus checks.
Even More Could Qualify under HEROES Stimulus Plan
The House Democrats introduced the HEROES Stimulus Act on May 15. Even though it has been opposed, the upper limits could still stand up and be passed.
Who would qualify for a HEROES Act payment:
- Individuals with an adjusted gross income less than $99,000 from 2018 or 2019 taxes.
- College students, dependents over 17, disabled relatives and taxpayers’ parents.
- Families of up to five people.
- SSDI recipients.
- People who aren’t US citizens and do file tax returns, pay taxes and otherwise comply with federal tax law using an individual taxpayer identification number instead of a Social Security number.
These People Did NOT Get the First Stimulus Check
These groups did not meet the requirements for the first payment:
- Single taxpayers with an adjusted gross income above $99,000.
- Heads of households with an AGI over $136,500.
- Married couples with an AGI over $198,000.
- Children over 16 and college students under age 24.
- Nonresident aliens, as defined by the US government.
This is a developing story. Stay tuned for more information as it becomes available. We should know in the next two weeks exactly what’s coming!
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