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Trump printed on the memo line.
First round of stimulus checks income limit. To get the full 600 amount a person can t earn more than 75 000 in 2019 or 150 000 for couples. Here s who qualified for the first round. People earning up to 87 000 and couples earning up to 174 000 would get a stimulus check.
As of april 24 the first paper stimulus checks were in the mail with president donald j. As with the first direct payment under the cares act the income limits. One thing that didn t change is the formula the.
This initial round of physical payments is specifically for individuals with an adjusted gross income agi of 10 000 or less. If you re a single us resident and have an adjusted gross income less than 99 000 if you file as the head of a household and earn under 146 500 if you. You will receive this automatically the same way you receive your benefits either by direct deposit or by check.
If you qualify for an automatic payment you will receive 1200 2400 if your spouse also receives the benefit. 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. You will not need to take any further action to receive this.
The new stimulus bill sets the income limits for a 600 second check closely to the first but comes with a few adjustments.
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