COVID-19 stimulus check: what you need to know

The Coronavirus Stimulus Bill was signed on March 27, 2020 for $2 trillion dollars and is the largest emergency aid package in the U.S. to date, according to Business Insider.

This act provides its residents up to $1,200 per adult and an extra $500 per child to parents—and is scheduled to be released around the second week of April to its qualifying residents, but not everyone will receive the complete grant and others will not receive a stimulus check at all.

As Americans anticipate their checks coming in the question remaining is: “Who qualifies for the COVID-19 stimulus check?”

Anyone without a Social Security Number

The Social Security Administration provides every citizen, permanent resident, and some noncitizen with a SSN who are authorized to work in the U.S..

If a couple files jointly and only one has a SSN then neither would be eligible for the check, and some military families are exempted from this circumstance.

Dependent children over the age of 16 and dependent adults

Parents with a child under the age of 16 and younger will receive the $500 check, there is no limit to the number of children that would qualify, children ages 17 or 18 who file as a dependent will not qualify for the check.

Anyone in college ages 19 to 23 who are dependent on their parent’s tax claims and are responsible for paying more than half of their expenses will not be subjected to the stimulus check, this also applies to adults who are disabled and elderly.

If you haven’t filed for 2018 or 2019 tax

The IRS will use your 2018 or 2019 tax information to determine eligibility and the amount that you may receive. Eligible individuals will automatically receive their checks via direct deposit for up to $1,200 or $2,400 for joint couples. It is advised to file your taxes immediately for those who have not filled their income tax for either 2018 or 2019.

Higher income individuals

Each individual’s stimulus check will be determined by their AGI (Annual Gross Income) from their 2019 tax return, if you have not filed for 2019 then it will be based on your 2018 tax return.

Single filers with an AGI of $75,000 or less or single parents (head-of-household) who receive $112,500 will receive up to $1,200.

Jointly filed couples with no child dependent who has an AGI of $150,000 or below will receive $2,400.

For more information about the stimulus check or to see if you are eligible, visit the website www.irs.gov/coronavirus.

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