![]() ![]() citizens and legal residents who can't be claimed as a dependent on someone else's income taxes. Generally, everyone who filed a 2019 tax return who meets the income guidelines. If the legislation passes, the IRS says, ".the Economic Impact Payments that have been issued will be topped up as quickly as possible." Who is getting a check? Some lawmakers are still pushing for an increase. What happened to the proposal for $2,000? In case you don't want to do the math, single people making more than $87,000 and couples making more than $174,000 won't qualify. If you're single and made more than $75,000 in 2019, or you're a couple who made more than $150,000 last year, the payment goes down $5 for every $100 over the threshold. Payments are based on your 2019 tax return. ![]() Families will get up to $1,200 per eligible couple and up to $600 for dependent kids who are 16 and younger. (We think the CARES Act was easier to remember.) How much will I get?Įligible single people will get stimulus payments of up to $600. It's called the Coronavirus Response and Relief Supplemental Appropriations Act of 2021. ![]() 27, 2020, the President signed the second stimulus package since the pandemic started. But questions are still swirling, so we tracked down answers that we hope will help you make sense of it all, and so you can plan for the financial boost that may be coming your way. Good news if you're one of the 6 in 10 people set back financially by the pandemic. The second round of COVID-19 stimulus checks are already on their way and will arrive in accounts as early as Jan. ![]()
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