Economic Impact Payments
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.
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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