Who Qualifies For Stimulus Check December 2020
Individuals earning up to 75 000 and couples earning up to 150 000 will receive the full amount.
Who qualifies for stimulus check december 2020. On december 28 the u s. According to cnbc here are the qualification guidelines for who would get a second check. The 600 per person payments are part of the stimulus bill.
Whereas the cares act stimulus checks only allowed for an additional 500 credit per person thune revealed to reporters on wednesday that families are likely to be able to claim the 600 or 700. To get the full 600 amount a person can t earn more than 75 000 in 2019 or 150 000 for couples. Individuals with up to 75 000 in adjusted gross income will receive that full payment as will heads of household earning up to.
After that the amount of the. You need a social security number to qualify for a relief check. The new checks will be for up to 600 per adult and 600 per child.
Individuals who receive their stimulus payments by direct deposit could get their money as early as the last week of december 2020 according to treasury secretary steven mnuchin. For this second round if you earned significantly less in 2020 than you did on your 2019 tax return you could be eligible for a refundable tax credit for the amount you should have received for your second payment when you file your 2020 tax return. The official payment date is january 4 2021 and payments must be delivered by january 15.