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  • COVID-19 Stimulus Checks

    WHAT IS THE AMOUNT OF THE STIMULUS CHECK

    • Individual taxpayers will receive a $1,200 check
    • Married couple will receive $2,400
    • Taxpayer with dependent children will receive a $500 payment for each child

    INCOME LIMITATIONS

    • Single individuals whose Adjusted Gross Income is less than $75,000 are eligible to receive the full amount
      • Stimulus check is phased out by $5 for every $100 in income above $75,000
      • Individuals who earn more than $99,000 phase out completely

    • Married couples whose Adjusted Gross Income is less than $150,000 will receive the full amount
      • Stimulus check is phased out by $5 for every $100 in income above

    $150,000

    • Couples who earn more than $198,000 will phase out completely

    WHO WILL NOT GET A STIMULUS CHECK

    • Individuals with Adjusted Gross Income greater than $99,000
    • Married couples with Adjusted Gross Income greater than $198,000
    • Non-resident Aliens

    HOW WILL THE GOVERNMENT DETERMINE ADJUSTED GROSS INCOME

    • The government will base the stimulus check based on your 2019 tax filing
    • If a 2019 filing has not been submitted, the check will be based on the 2018 tax filing

    HOW DO I FIND MY ADJUSTED GROSS INCOME

    • 2018 Tax Return – Line 7 on Form 1040
    • 2019 Tax Return – Line 8b on Form 1040


    03/28/2020