Am I eligible to receive a stimulus check?
Eligible to receive the full amount:
Eligible to receive a partial amount:
- Individuals with adjusted gross income up to $75,000
- Married couples filing jointly with adjusted gross income up to $150,000
- Those with income above these amounts will receive a stimulus check with the amount reduced by $5 for each $100 above the $75,000 or $150,000 thresholds.
How much will I receive?
Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive up to $1,200 for individuals or $2,400 for married couples. Parents will also receive $500 for each qualifying child.
The IRS will calculate and automatically send the amount based on your eligibility. If you have already filed your 2019 taxes, the IRS will use this information to calculate your amount. If you have not yet filed your 2019 taxes, the IRS will use information from your 2018 tax filing to calculate your payment.
How will I receive my stimulus check?
If eligible, your stimulus check will be deposited directly into the same banking account reflected on the return filed.
What happens if the IRS does not have my direct deposit information?
There is a plan to develop a web-based portal for individuals to provide their banking information to the IRS online in the coming weeks. This will allow individuals to receive payments immediately and securely as opposed to receiving a check in the mail.
What do I do if I have not filed my taxes for 2018 or 2019?
If you have a tax filing obligation for 2018 or 2019, the IRS urges you to file as soon as possible to receive a stimulus check and include direct deposit information on the return.
If you are not typically required to file your taxes, the IRS will use information on your Form SSA-1099 or Form RRB-1099 to calculate the payment amount. This includes low-income taxpayers, senior citizens, Social Security recipients and railroad retirees. Since the IRS does not have information regarding any dependents for these people, the total payment will not include any additional amount for dependents at this time.
What if I need help filing my taxes?
If you need to visit a tax professional or local community organization in person to get help with a tax return, stimulus checks will be available throughout end of 2020.