Ais more than hypothetical. President-elect Joe Biden went days before he was on the record to confirm several times that he is Americans a and a .
“$ 600 is simply not enough if you have to choose between paying rent or putting food on the table. We need $ 2,000 incentive checks,”
A payment of $ 2,000 wouldthan a , while everything else is equal. But just in case there are any changes, we did some math to estimate how much more incentive money some people could possibly see compared to the if sure .
More people qualify as dependents
? Well, that depends on the definition in the . On the first and second check is a dependent child 16 or younger, but previous Democrats proposals have expanded the definition to include anyone you can claim on your tax return, such as children over 16 and adults in your care. With , there is a higher chance that the definition could change, as this would increase the price tag on the total stimulus bill.
If it is passed – and again, all this is great as – that would make a family $ 500 or $ 600 more per person you support, based on the first and second check, respectively. It is not clear whether there would be a limit to the number of dependents you could claim in this situation.
A quick calculation: If you have a dependent who qualified in the first two rounds and three who qualified in the third, that would make your family $ 1,000 to $ 1,200 more if you don’t have any other changes.
Child dependent people count for more money
Offered a White House proposal from Octoberfor kids, but double the payout to $ 1,000. So in this scenario, if you have a dependent, your third check could be $ 500 higher than the first check ($ 500 per dependent child) and $ 400 greater than the second ($ 600 per qualified dependent).
You get another dependent
If you had or adopted a new child, you may see $ 500, $ 600, or $ 1,000 more, depending on the amount listed on the next (hypothetical) bill. It is probably the third stimulus check.
Your employment status changes
If you became unemployed or your wages fell this year, you could, which is used to determine your payment. For example, if you get a partial payment on the first or second check, a third check can earn you a full payment when you are no longer employed.
You are getting married
Depending on several variables, including your spouse’s application status and any new dependents, a change in marital status can result in greater scrutiny. For example, if you were single and filed alone, you would have received up to $ 1,200 the first time. Married, you have since become eligible for up to $ 2,400is based on your combined family income.
If a third stimulus check comes in for $ 2,000 per person, your spouse can double it to $ 4,000. Alternatively, if yourwould you only have one If you are filing independently with a spouse with an income below the threshold, you may be eligible for the entire check total.
You now share custody of a child
If you meet certain qualifications, you and the other parent of the child. That means you could get an extra $ 500 or more on the third stimulus check, especially if something changed in your situation between when you file your 2019 tax return and your future 2020 return. The third check fee would be based on your .
A rule change regarding detained people becomes permanent
That has been determined by a federal judge. If the ruling is in effect, these people may be entitled to a third stimulus check and the first two, with possibly more money for dependents.
You are an undocumented immigrant
Democrats have suggested thatmoney if they pay tax (via an ITIN number). This provision was that passed through the House of Representatives in two forms, but that is not a law. Currently, you must have a Social Security number to be eligible for a stimulus check.
If a third stimulus check came in for $ 2,000, it would mean that this group might get a check for $ 2,000 to $ 4,000 or more for dependents. For a married couple with two young children who did not receive the first check, the third round could potentially raise as much as $ 5,000 if the allocations per child follow the allocation of $ 500 per child from the first stimulus check.
Here’s everything else, you, including what to do if your and how .