Stimulus Check Amount April 2020

The recipients of these initial payments were those who qualify for a check and have filed a tax return via direct deposit in either 2018 or 2019.

Stimulus check amount april 2020. The 600 checks called for in the latest relief package would represent half of the 1 200 directed toward most adults in the first round of stimulus checks. That s just the base amount. The internal revenue service started sending out stimulus payments this week but while 80 million people can expect the money to hit their bank accounts by wednesday others will be waiting.

An individual either single filer or married filing separately with an agi above 87 000 would not receive a stimulus check. Adults and qualifying children are both eligible for up to 600 each with the second payment. With the second stimulus check each eligible adult will get up to 600 decreasing as income raises.

The first wave of stimulus relief checks were. You can find information on the second stimulus check here. For most people you won t have to do anything the payment will be directly deposited into your bank account or sent to you by check or prepaid debit card be aware however that if it s sent by check it might take a little longer.

Your check could actually be much higher or lower. The amount of the stimulus check is gradually reduced once agi exceeds these limits. The irs began rolling out economic impact payments in april 2020.

The irs sent out the first electronic stimulus check payments on april 11 with most having arrived by april 15. This article was published when the first stimulus checks were deposited in april 2020. The checks will amount to 600 for each qualifying adult and child half the amount of the 1 200 checks sent out earlier this year.

You may have heard that stimulus checks will be for 1 200 but it s not that simple.