So, will you get a stimulus check?
Here’s what you need to know.
1. How do you get a stimulus check?
You filed a tax return this year or last year.
2. How much money can I get?
Married Couples: $2,400
Dependent Children: $500 (must be less than 17-years-old)
3. Does it matter how much income you make?
4. What are the income thresholds?
There is no minimum adjusted gross income threshold. However, the stimulus check amount phases out by $5 for every $100 above certain income levels based on your tax filing status:
- Single Filer: $75,000
- Head of Household: $112,500
- Married/Joint Filer: $150,000
5. At what income level will I not qualify for a stimulus check?
- Single Filer: > $99,000
- Joint Filer (no children): > $198,000
6. How do I claim my stimulus check?
Except filing a tax return, you don’t have to do anything to claim your stimulus check. The IRS will send you a check automatically to either your bank account through direct deposit or your mailing address listed on your tax return.
6. When will I get my stimulus check?
Direct Deposit: a few weeks
By Mail: a few weeks (or a few months)
7. I want a stimulus check faster. Can I provide my direct deposit information?
Yes. The IRS will set up a website in the coming weeks for you to submit your bank information for direct deposits.
8. Do I have to pay income taxes on the stimulus check?
9. I’m a senior citizen and/or get Social Security benefits and am not required to file a tax return.
You’re eligible and don’t have to file a tax return. The IRS will use the information on the Form SSA-1099.
10. I haven’t filed my taxes for 2018 or 2019. Can I still file them and get a stimulus check?
11. Where can I learn more?
You can learn more from the IRS.
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