Stimulus Check Amount Second

American adults who earn less than 75 000 will receive the full 600 check while couples who earn less than 150 000 will receive 1 200.

Stimulus check amount second. The second stimulus checks would be phased out entirely for single people earning over 87 000 or married couples earning more than 174 000 compared with the cares act s phaseout for single. President donald trump signed a bill that includes 900 billion in pandemic aid relief on the 27th of december. On the one hand you aren t required to do anything to receive it but on the other.

Here s what you can expect your payment to be worth. 5 the wall street journal reported paywall that more than 112 billion of second stimulus payments had already been sent. The amount of the stimulus check is gradually reduced once agi exceeds these limits.

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. With the second stimulus check each eligible adult will get up to 600 decreasing as income raises. Congress is set to approve a second round of 600 stimulus checks but there are some restrictions.

Adults and qualifying children are both eligible for up to 600 each with the second payment. Don t forget those second stimulus check qualifications one interesting change is that the shift from a 1 200 check to a 600 check also disqualifies some households by lowering the income limit. The legislative package includes a second round of economic impact payments also.

A couple filing jointly would not receive a stimulus check once agi tops 174 000.