Join Wireless London to find out the article “How much stimulus check money could you get? Calculate it using this tool”
If agets approved in 2020, how much money could you expect? The answer isn’t straightforward, but we’ve laid out a tool below to help you easily estimate the sum you or your family could receive if you meet the .
The IRS paid up to $1,200 per person with theand could follow the same guidelines if a second direct payment — perhaps . How to work out the upper limit for a payment is simple, but other factors would inform your total.
Our stimulus check calculator works out how much you might be able to receive, based on rules from the CARES Act, which governed the first stimulus check. The calculator doesn’t store your personal details or retain them in any way. Keep in mind this tool is for estimates only and doesn’t provide a final figure supplied by the IRS. There may be other factors that could determine the final size of your check.
Before we begin: 3 key things to know
The CARES Act allowed you tofor $500 apiece, as long as they’re 16 years old or younger (that is, under 17 years old). If you’d like to calculate the total for dependents of any age — a change that’s been discussed for a second check, but isn’t guaranteed — add the number of dependents in the corresponding field, regardless of age.
Here are exceptions to the current rules regarding when someone who’s 17 to 24 years old. If you don’t typically file taxes, or have a different circumstance, read our for more information.
Calculate your stimulus payment
Use details from your 2019 or 2018 tax return, whichever is most recent.
1. Choose your filing status below.
Note: If you aren’t able to view the calculator, please. If on a mobile device, allow the calculator to load into a new browser tab.
Stimulus check eligibility basics
We have much more information, but in broad strokes, here’s who’s eligible for some stimulus money under the CARES Act:
- You’re a single US resident and have an adjusted gross income less than $99,000
- You file as the head of a household and earn under $146,500
- You file jointly without children and earn less than $198,000
How to calculate your stimulus check money if you don’t usually file taxes
With the first checks, the IRS automatically sent stimulus checks to many who normally are not required to file a tax return — including senior citizens, Social Security and Social Security Disability Insurance recipients, Supplemental Security Income recipients and railroad retirees. (In some situations, eligible individuals and families who didn’t file taxes needed to use the IRS Non-Filers tool to provide the IRS with enough information to send a check.)
If this is your case, enter your best personal income estimate for income where it asks for your adjusted gross income.
For everything to know about the first payment,. We also have an idea for once they are approved and .
Source: Cnet News
Keyword: How much stimulus check money could you get? Calculate it using this tool