Stimulus Checks FAQ
I was a dependent in 2019, but not in 2020. Am I getting a check?
While talks of a $2,000 stimulus check are stalled in the Senate, eligible Americans are starting to receive a $600 check as specified in the recent legislation. Here are some answers to some frequently asked questions about the stimulus check.
I am a dependent. Am I getting a check?
Child dependents who are 16 years old or younger will receive $600. Dependents 17 years old or older (including senior dependents) are not eligible for a check.
I was a dependent in 2019, but not in 2020. Am I getting a check?
Unfortunately, no. Stimulus checks are only going off of 2019 tax filings. If there are further stimulus checks, we hope that will be different after the 2020 tax filing, but nothing has changed as of the time of this story.
What tax filing year will the IRS use to determine if I am an eligible dependent?
The IRS will be using 2019 tax filings. So if you were under 17 when you filed in 2019, you will be eligible.
Do I make too much money to receive a check?
The check will decrease by $5 for every $100 in income over $75,000. Individuals making $87,000 in income will not be eligible for a check. Couples earning over $174,000 will not be eligible for the check.
How will I get the stimulus check?
If you get your tax refund as a direct deposit, you can expect the check to be deposited that way. The IRS and Treasury will also use debit cards and paper checks.
How soon will I get the stimulus check?
Since the Federal government had practice earlier in the Spring, the distribution should be much faster than last time. The IRS had announced that the first batch of checks were being mailed out by December 30th.