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For the first round of payments the total amount of your stimulus check was based on your adjusted gross income or agi from your 2019 federal tax filing or if you haven t filed this year your.
Stimulus check income limit first. In the first round of stimulus checks payments phased out at 198 000. To get the full 600 amount a person can t earn more than 75 000 in 2019 or 150 000 for couples. The first round included a 1 200 payment from the coronavirus aid relief and economic security cares act which was signed into law last march and now president trump has signed a second 900 billion economic relief package on december 27 that includes another stimulus check paying up to 600 per person.
People earning up to 87 000 and couples earning up to 174 000 would get a stimulus check. If you qualify for a stimulus check your stimulus check may be less than 1 200 because if you have higher adjusted gross income the amount of your check can be lower due to the phase out. Dependent children qualify for their own 600 payments unlike the first round of stimulus checks.
As with the first direct payment under the cares act the income limits. Income limits for stimulus checks. That applies to anyone whose reported adjusted gross income for tax years 2018 or 2019 was at least.
The 1 200 upper limit of the first check 600 of the second payment and potentially 1 400 per person in a possible third stimulus check perhaps as soon as early february are only part of the. The new stimulus bill sets the income limits for a 600 second check closely to the first but comes with a few adjustments. Congress has approved two rounds of stimulus checks.
That s a 600 maximum for each adult down from 1 200 per person in the first stimulus check with.
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