Theto tens of millions of eligible Americans, and despite President Donald Trump and congressional Democrats pushing to increase the , the Senate ended its Friday session , leaving the maximum at $600 per head.
To give you a running start on how much you could expect, we can help you. We dig into the details of how much you and your family members will qualify for and who . None of it is as simple as it seems. This story was updated recently with new details.
$600 per person isn’t so simple. The most you and your household could receive
The IRS takes into account a handful of factors to. Below, you’ll find the maximum you and your family could expect, with and without qualifying . Keep in mind that many people would in fact as a result of diminishing returns or .
Stimulus check money you can expect
|$600 stimulus check ($600 per child age 16 or under)|
|Individual taxpayer, no child dependents||$600 maximum|
|Head of household, 1 child dependent||$1,200 maximum|
|Head of household, 2 child dependents||$1,800 maximum|
|Head of household, 3 child dependents||$2,400 maximum|
|Married couple, no child dependents||$1,200 maximum|
|Married couple, 1 child dependent||$1,800 maximum|
|Married couple, 2 child dependents||$2,400 maximum|
|Married couple, 3 child dependents||$3,000 maximum|
$600 maximum payment: Why fewer qualify for a second stimulus check
Now that theis approved, we know some people won’t receive the full $600 allotment per adult in the . It turns out that the to calculate the amount you would receive , and using a sliding scale. But because the base amount is lower ($600 versus $1,200 from the first stimulus check), the rest of the math works out differently, too. It is not necessarily split in half.
For example, with the first ($1,200) check, a single tax filer who had an AGI under $75,000 received the full $1,200. As the income level rose, the total they were entitled to receive dropped. After $99,000, they weren’t eligible to get anything at all.
But with the $600 maximum amount, the cutoff is still $75,000 to receive the maximum amount. But text of the bill, the cutoff to receive a check of any amount as an individual (with no children) is an of $87,000. So with the first check, any individual taxpayer who made between $87,000 a year and $99,000 still received a partial check. This time around, they will not receive any.laid out in the
Children change the equation, which is why we recommend using ourof your personal financial picture. (It does not store or use your personal information.)
$600 second stimulus check income limits
|AGI to receive full amount||AGI to phase out of payment||Income limit for first check|
|Single tax filer||Under $75,000||$87,000||$99,000|
|Head of a household||Under $112,500||$124,500||$146,000|
|Married, filing jointly||Under $150,00||$174,000||$198,000|
8 ways you could get more money with a third stimulus check
If a, or maybe just in case you’d like to play a game of hypotheticals, we did some math, based on , to estimate how much more stimulus money some people could potentially see if certain rules changed.
More people qualify as a dependent: Previous proposals expanded the definition of “” to include on your tax returns — such as children over 16 and adults under your care. That would be $500 or $600 more per person you support, with potentially no cap. If you had one dependent who qualified in the first two rounds and three that qualify in the third, that would get your family $1,000 to $1,200 more if you had no other changes.
Child dependents get more money: A White House proposal from October offered tofor children but double the payout to $1,000. So if you have one dependent, your third check could be $500 greater than the first check and $400 larger than the second, per qualified dependent.
You gain another dependent: If you had or adopted a child, you may see $500, $600 or $1,000 more, depending on the amount stipulated in the next (hypothetical) bill.
Your employment status changes: If you became unemployed this year or your wages dropped, that could, which is used to determine the payment. For example, if you got a partial payment with the first or second check, you may receive a full payment if you’re no longer employed.
You get married: Depending on several variables that include your spouse’s filing status and any new dependents, a change in marital status could result in a larger check. For example, if you were single and filing alone, you got $1,200 max the first time around. Married, you could be eligible for $2,400 maximum, sinceis based on your combined household income.
You now share custody of a child: If you meet specific qualifications, you and the child’s other parent. That means you could get an extra $500 or more in the third check, especially if anything in your situation changed from the time you filed your 2019 tax return to your future 2020 return. The third check allowance would be based on your most recent tax filing.
A rule change concerning incarcerated people becomes permanent: A federal judge has ruled that. If the ruling stands, these people may be entitled to a third stimulus check as well as the first two, with more potential money for dependents.
You’re an undocumented immigrant: Democrats have proposed thatfunds if they pay taxes (through an ITIN number), that passed the House of Representatives in two forms, but which isn’t law. Currently, you need to have a Social Security number to be eligible for a stimulus check.
If a third stimulus check arrives for $1,200 — just to pick a figure — that would mean a potential for $1,200 to $2,400 for this group, with more for dependents. For a married couple with two young children who didn’t receive the first check, the third round could possibly yield as much as $3,400 if the allocations were to follow the first stimulus check.