First Round Of Stimulus Checks Criteria

But for the second round of checks the maximum agi for an.

First round of stimulus checks criteria. For example if you were an individual who earned 90 000 agi in 2019 you qualified for a reduced stimulus payment in the first round. With the first checks the irs automatically sent stimulus checks to many who normally aren t required to file a tax return including senior citizens social security and ssdi and ssi recipients. The first wave of coronavirus stimulus relief checks was deposited into some americans bank accounts over the weekend according to the irs.

The first round of stimulus checks allowed payments to be sent automatically based on income reported on 2018 tax returns as well but this time the irs is only using 2019 income information. At that time the economy was rapidly contracting under the weight of a massive slowdown brought on by the. The second round of checks will have the same type of income phaseouts as in the cares act with the stimulus check payments reduced for earnings above 75 000 per single person or 150 000 per.

Here s what you need to know about the second batch of stimulus checks. The first round of stimulus payments went out in the spring to millions of americans. The criteria for who gets a payment and when the payments go out are similar to those used earlier this year for the first round of stimulus checks issued through the cares act.

When the first round of stimulus checks was sent millions of young americans were excluded from receiving either money to contribute to the family check or a payment of their own. However there are also significant differences. Millions more can expect to receive theirs in the.