Economic Impact Payments

person receiving a check payment in an office

Everything you need to know about the government stimulus checks.


What you need to know about the Stimulus Checks

Information you need to know about the Economic Impact Payments, AKA Stimulus Checks

As you may have heard, the US Government has decided to help taxpayers during this time. Below is a break down of how much. 

$1,200* for individuals

Eligible individuals with adjusted gross income up to $75,000 will automatically receive the full $1,200 payment. 

$2,400* for married couples

Eligible married couples filing a joint return with adjusted gross income up to $150,000 will automatically receive the full $2,400 payment. 

$500* per child

Parents also get $500 for each eligible child under 17.

Automatic payments

Most taxpayers don't need to take any extra steps to receive a payment. The IRS will use information from a taxpayer's 2019 tax return if they've filed it, or their 2018 tax return, if they haven't. 

  Check Status

*Income and other limits apply.

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