By Lorie Konish | Mar 25, 2020
KEY POINTS
- As Washington lawmakers push through a $2 trillion stimulus bill, many Americans can expect to receive checks of up to $1,200 for individuals and $2,400 for married couples.
- How much you receive varies based on your marital status and adjusted gross income.
- Here’s who qualifies, and who may be excluded, from the payouts the government plans to send “as rapidly as possible.”
As Congress pushes through a $2 trillion stimulus bill, some Americans can expect checks from the government to help them cope with the economic devastation stemming from the coronavirus crisis.
Those payments are expected to be $1,200 for individuals, or $2,400 for those who are married and file income taxes jointly. It also includes $500 per child.
But you have to meet certain qualifications in order to be eligible for the money, based on your adjusted gross income in your latest tax returns. If you earn more than $75,000 as an individual, $112,500 as the head of household or $150,000 if you are married and filing jointly, the amount of those checks starts to get reduced.