When adepends entirely on when a . That’s still ongoing (more on that below), but the passage this week of clues us into one area where Democrats and Republicans are confirmed to agree.
The new, scaled-back version of the House of Representatives’ original Heroes Act from May changes an important point on eligibility that could give families. Both the House Democrats, who backed the new package, and the GOP-penned HEALS Act from July expand the definition of . (For the record, here’s how the IRS ).
While the Heroes 2.0 proposal gives us this important insight, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin arethat could become a final bill. It’s unclear how may affect the timeline for passing new coronavirus relief legislation, but we’ll keep a close eye on the situation and update this story accordingly.
Meanwhile, keep reading for a primer on eligibility for a potentialand use the to an estimate how the change could affect your family.
How additional dependents could count toward your family’s total sum
Not enough dependents wereunder the CARES Act, Republicans and Democrats both agree. were allotted $500 as part of the family payment, but new proposals from both sides of the aisle want to expand the definition of a dependent to include people regardless of age — that means college students and adult dependents.
The new Democratic proposal (the revised Heroes Act) and the Republican HEALS Act would provide $500 for each dependent you claim on your taxes no matter the age, with no specified cap on the number of dependents. That’s a change from the original Democratic proposal to extend $1,200 each, for up to three dependents (a $6,000 cap).
Will I qualify for the second stimulus check?
It’s likely that if a second stimulus check emerges, it’ll follow many of the guidelines from the CARES Act that, but draw some changes from the , neither of which is law.
Who could qualify for a second stimulus check
|Qualifying group||Likely to be covered by the final bill|
|Individuals||An AGI of less than $99,000 (Same as CARES)|
|Head of household||An AGI of less than $146,500 (Same as CARES)|
|Couple filing jointly||An AGI less than $198,000 (Same as CARES)|
|Dependents of any age||As defined by your tax filing (HEALS proposal; and revised Heroes Act)|
|US citizens living abroad||Yes, same as CARES|
|Citizens of US territories||Likely, with payments handled by each territory’s tax authority (CARES)|
|SSDI and tax nonfilers||Likely, but with an extra step to file (more below)|
|Disqualified group||Unlikely to be covered by the final bill|
|Noncitizens who pay taxes||Proposed in Heroes Act, unlikely to pass in Senate|
|Incarcerated people||Excluded under CARES Act|
|People who owe child support||Included in Heroes proposal, but excluded under CARES|
What do my taxes have to do with my eligibility?
For most people,. For example, the most important factor in setting income limits is , which determines how much of the $1,200 for individuals and $2,400 for married couples you could receive if you meet the other requirements.
Ourcan show you how much money you could potentially expect from a second check based on your most recent tax filing. Read below for your eligibility if you don’t typically file taxes.
An extra step nonfilers may need to take
People who weren’t required to file a federal income tax return in either 2018 or 2019 may not have been required to file:under the CARES Act. If that guideline doesn’t change for a second stimulus check, this group would qualify again. Here are reasons you might
- You’re over 24, not claimed as a dependent and your income is less than $12,200.
- You’re married filing jointly and together your income is less than $24,400.
- You have no income.
- You receive federal benefits, such as Social Security or Social Security Disability Insurance (SSDI). See below for more on SSDI.
With the first stimulus check, nonfilers needed to provide the IRS with some information before they could receive their checks. who may fall in this category but have not requested their payment to notify them they may be due a payment.
Could SSDI recipients get an additional stimulus check?
Those who are part of the Direct Express card, which the government usually uses to distribute federal benefits, but through a non-Direct Express bank account or through a paper check. SSDI recipients also need to use the IRS’ Non-Filers tool to request a payment for themselves and dependents.under the CARES Act. Recipients would not receive their payments through their
7 groups that were passed over in the first stimulus round
For the payments authorized under the CARES Act, which became law in March, these groups were excluded:
- Single taxpayers with an over $99,000.
- Heads of households with an AGI over $136,500.
- Married couples with an AGI over $198,000.
- Children over 16 and college students under age 24.
- Nonresident aliens, as defined by the US government.
- People who are incarcerated.
- People who died since the previous tax filing. (Their families may not collect on their behalf and are expected to return the payment.)
For more, here’s what we know about the. We also have information on , , and .