Written by Lisa Rowan. Published March 27, 2020.
Explainer for Coronavirus stimulus payments and other government support. From the article:
“A quick rundown on how much money you’ll get:
- If your adjusted gross income (AGI) on your last tax return was under $75,000, you’ll get $1,200.
- If you filed jointly and your AGI is under $150,000, you’ll get $2,400.
- If you filed as head of household and had an AGI under $112,500, you’ll get $1,200.
- For every dependent age 16 or younger in your household, you’ll get $500. If you have adult dependents or students in college, you won’t get a payment for them.
- If your most recent AGI was between $75,000 and $99,000, you’ll get less than $1,200, but you’ll still get a payment. The same goes joint filers with an AGI between $150,000 and $198,000 and heads of households with an AGI between $112,500 and $146,500—you’ll get less than a full payment, but you’ll get something. You can use a relief check calculator like this one to find out how much.
- If you had an AGI of more than $99,000 (single people), $198,000 (joint filers) or $146,500 (head of household), you won’t get anything.
To check your AGI, look on line line 8b on your 2019 1040 form, or line 7 on your 2018 1040.”