Updated: Mar 31
As previously reported in a recent, stimulus checks are apparently coming soon!
Here how it work: A family of four would be eligible for a maximum refund of $3400.
Parents = payment $1,200
Dependents = payment $500
The amount of money and income guidelines are listed below (based on 2019 & 2018 tax returns).
If you made < $75,000 = full payment $1,200
Couples who filed jointly & made < $150,000 = full payment $2,400
Head of household & made < $112,500 = full payment $2,400
Every child in household = $500 each
If you made > $75,000 = payment will be reduced by $5 for every $100 of income that exceeds the limits. (say you made $80,000 in 2019, you will receive $950)
If you made > $99,000 or more = $0 payment
Couple who filed jointly & made > $198,000 = $0 payment