Most adults will get checks of $1,200 per person and $3,400 per family of 4 in the massive coronavirus stimulus bill.
- The final package is likely to be sent to the House, today on Wednesday.
- If you feel it’s not enough, see below for a petition.
- We’ll keep updating with more details. Please come back.
For earners between $75,000 and $99,000, the amount gradually reduces.
And, individuals who earn more than $99,000 and couples over $198,000, they get $0.
About 85 percent of individuals earn under $75,000, meaning they would get the full amount. Roughly 90 percent of individual earners are under the $99,000 cap. About 90 percent of households would get the full $2,400 for two adults.
The IRS will apply the means test to 2018 tax filings unless someone already has filed their 2019 taxes.
The checks will be mailed or direct-deposited as soon as the IRS is able. Hill officials believe that may be in April.
IRS does not have information available yet on stimulus or payment checks.
- Instead of calling, please watch for updates to www.irs.gov/coronavirus
- Facebook: https://www.facebook.com/IRS
If you feel this check is not enough?
Only $1200. Congress needs to hear from you!
Congress just finalized the stimulus package and it is expected to pass.
However, despite the massive outcry of voices saying that a one-time check isn’t enough, the bill includes only a single payment.
Elected officials need to hear from you now. They need to know what this moment is like for you and your loved ones.
Right now: We are looking for people to send us a quick video…