Second stimulus check qualifications

Second stimulus check qualifications

There’s now a new House bill on the table that includes a second payment and cements one big change to eligibility in a stimulus check.

Donald Trump - Hillary Clinton - Trump - Republican - Democrat - MAGA - Elections - President Trump - Biden - Bernie - Florida - Coronavirus - CoVid-19 - Pence

Could I qualify for the second stimulus check?

It’s likely that if a second stimulus check emerges, it’ll follow many of the guidelines from the CARES Act that governed the first check, but draw some changes from the Heroes Act and HEALS Act proposals, neither of which is law, as well as the latest House proposal. The most important decider in setting income limits is adjusted gross income, or AGI, which determines how much of the $1,200 for individuals and $2,400 for married couples you could receive if you meet the other requirements.

Qualifying groupLikely to be covered by the final bill
IndividualsAn AGI of less than $99,000 (Same as CARES)
Head of householdAn AGI of less than $146,500 (Same as CARES)
Couple filing jointlyAn AGI less than $198,000 (Same as CARES)
Dependents of any ageAs defined by your tax filing (HEALS proposal; and revised Heroes Act)
US citizens living abroadYes, same as CARES
Citizens of US territoriesLikely, with payments handled by each territory’s tax authority (CARES)
SSDI and tax nonfilersLikely, but with an extra step to file (more below)
Disqualified groupUnlikely to be covered by the final bill
Noncitizens who pay taxesProposed in Heroes Act, unlikely to pass in Senate
Incarcerated peopleExcluded under CARES Act
People who owe child supportIncluded in Heroes proposal, but excluded under CARES

Additional dependents might count toward your family’s total sum

Not enough dependents were eligible for any money at all under the CARES Act, Republicans and Democrats both agree. Dependents aged 16 and younger were allotted $500 as part of the family check, but new proposals from both sides of the aisle want to expand the definition of a dependent to include people regardless of age — that means college students and adult dependents.

The new Democratic proposal (the revised Heroes Act) and the Republican HEALS Act would provide $500 for each dependent you claim on your taxes no matter the age, with no specified cap on the number of dependents. That’s a change from the original Democratic proposal to extend $1,200 each, for up to three dependents, so a family of five people could receive a maximum of $6,000.

An extra step nonfilers might need to take

People who weren’t required to file a federal income tax return in either 2018 or 2019 may still be eligible to receive the first stimulus check under the CARES Act. If that guideline doesn’t change for a second stimulus check, this group would qualify again. Here are reasons you might not have been required to file:

  • You’re over 24, not claimed as a dependent and your income is less than $12,200
  • You’re married filing jointly and together your income is less than $24,400
  • You have no income
  • You receive federal benefits, such as Social Security or Social Security Disability Insurance (SSDI). See below for more on SSDI.

With the first stimulus check, nonfilers needed to provide the IRS with some information before they could receive their checks. The IRS is reaching out to 9 million Americans who may fall in this category but have not requested their payment to notify them they may be due a payment.

Source: Cnet


You Might Like

Leave a Reply

Your email address will not be published.