Coronavirus Stimulus Check Calculator
By Doug Lazy on April 9, 2020
About 60 million Americans are about to get a stimulus check from the government. It’s called an Economic Impact Payment and it’s meant to help Americans who have been hit hard by the coronavirus. IRS.gov says that for most taxpayers, payments are automatic, and no further action is needed. This includes taxpayers who filed tax returns in 2018 and 2019 and most seniors and retirees.
So who is eligible to get the payment?
U.S. residents will receive the Economic Impact Payment of $1,200 for individual or head of household filers, and $2,400 for married filing jointly if they are not a dependent of another taxpayer and have a work eligible Social Security number with adjusted gross income up to:
- $75,000 for individuals
- $112,500 for head of household filers and
- $150,000 for married couples filing joint returns
Taxpayers will receive a reduced payment if their AGI is between:
- $75,000 and $99,000 if their filing status was single or married filing separately
- 112,500 and $136,500 for head of household
- $150,000 and $198,000 if their filing status was married filing jointly
The amount of the reduced payment will be based upon the taxpayers specific adjusted gross income.
If you’re eligible and want to know how much to expect on your stimulus payment, there’s an online calculator to help you figure out how much to expect.
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