* Note, adjusted gross income (AGI) is your gross income like wages, salaries, or interest minus adjustments for eligible deductions like student loan interest or your IRA deduction. If you have an adjusted gross income (AGI) of up to $75,000 ($150,000 married filing jointly), you should be eligible for the full amount of the recovery rebate. Stimulus checks - up to $1,200 for individuals, $2,400 for joint taxpayers and an additional $500 for each qualifying child under 17 - will be based on information from your most recent tax filings, either 2019 or 2018 if you have not yet filed this season.Īccording to the IRS, approximately 80% of Americans will be eligible to receive full or partial stimulus payments through the CARES Act. Stimulus Checks for Individuals and Joint Taxpayers The 2020 coronavirus stimulus package will deliver relief through a range of measures, including an advanced tax rebate to taxpayers. The Coronavirus Aid, Relief and Economic Security Act (CARES) - a $2 trillion stimulus package to provide financial relief to individuals, families and businesses - was signed into law. For info on the third coronavirus relief package, please visit our “ American Rescue Plan: What Does it Mean for You and a Third Stimulus Check ” blog post.
This content is for the first coronavirus relief package, which was signed into law in March 2020.
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