Stimulus Payment Eligibility Rules

Adults and qualifying children are both eligible for up to 600 each with the second payment.

Stimulus payment eligibility rules. Stimulus check eligibility adjusted gross income agi ranges. Treasury changes eligibility rules on stimulus payments april 1 2020 at 8 49 pm edt by taegan goddard leave a comment the treasury announced late wednesday that social security beneficiaries who typically do not file a tax return will automatically get the 1 200 payment and no longer must submit anything extra the washington post reports. If you already filed your federal taxes for 2019 the deadline was extended to july 15 eligibility will be based on your agi from that tax return.

If your agi is below this amount you ll qualify for the full 1 200 per person stimulus payment. Return the entire payment unless the payment was made to joint filers and one spouse had not died before receipt of the payment in which case you only need to return the portion of the payment made on account of the decedent. The amount of money you may receive as part of this stimulus package is based on your adjusted gross income.

That s a 600 maximum for each adult down from 1 200 per person in the first stimulus check with. If your agi is above this amount you won t qualify for any of the 1 200 per person stimulus payment. Under the eligibility rules for the first stimulus payment approved as part of the cares act back in march recipients were entitled to 500 per qualifying dependent under the age of 17.

A stimulus payment made to someone who died before receipt of the payment should be returned to the irs by following the instructions about repayments according to updated guidance posted on irs gov on may 6. New 600 stimulus checks will be arriving in the coming weeks. With the second stimulus check each eligible adult will get up to 600 decreasing as income raises.

The payments are attached to a new set of rules which could leave out some higher income earners who received partial checks last time. 600 second stimulus check income limits adults and qualified kids count for up to 600 with the second stimulus payment with the second stimulus check each eligible adult will get up to 600.