According to the reports, there are chances and hopes that Washington negotiator can hash out the details and pass another economic rescue. This stimulus check is important for every American they stand a chance you could receive up to $1,200 and more from IRS.
A survey was recently conducted by Gallup poll. About 70% claimed to have a stimulus check due to the economic crisis. The poll, released on Tuesday, surveyed 5,000 Americans, and they have strong support from Democrats, Independents, and Republicans.
What makes you eligible to get the $1200?
One question that was raised the most during the survey was how much money could you and your family see? Answered by the officials that it depends first on how much you have to spend aside for stimulus checks. It also depends on factors such as gross income.
The Senate’s Heal Act introduced in July indicated that the upper limit of $1,200 is only for the people who fit into certain areas. However, it doesn’t necessarily mean you will get all of it. What makes you fully eligible to get the entire $1200?
Below is the table that helps to understand the eligibility under which you lie and the amount of money you can receive this year.
|Filing status||Single||Head of household||Married||Married|
|2018 or 2019 tax AGI||$80,000||$140,000||$130,000||$130,000|
|Dependents under 17 (CARES Act)||0||1||2||2|
|Dependents over 17 (HEALS Act)||0||0||0||2|
|Calculated check amount||$950||$325||$3,400||$4,400|
Although there are no official plans yet, the government is yet to decide, and the criteria can change too.
There are certain details that have come out like If you paid all the taxes in 2018 or 2019 as direct-deposit. You will receive a direct deposit and vice versa.