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Calculate how much incentive money you could get if another check passes before 2021


If the IRS sends a second check, your household’s exact total may be slightly different from the $ 1,200 per person limit. We help you calculate.

Sarah Tew / CNET

If Congress can pass in the few weeks remaining in 2020 another bill for emergency economic aid, how much money you could expect to receive in one second stimulus control?

The IRS uses a fairly complex set of variables to table how much money you and your family would be eligible. Rather than letting you do the legwork, we’ve built a handy calculator to make estimating payment as easy as possible.

The IRS is expected to follow guidelines similar to those for the first stimulus control of up to $ 1,200 per person, but there could be a twist. If and when Congress signs off a second direct payment, there may be changes in qualifications for you or your family members, which can result in more money for you. However, there are two different proposals for what that means, so things can get tricky. It is important to read the next section below before using the calculator. And there’s a chance that Congress could approve a bailout package for that in the short term lacks a second stimulus control.

Our stimulus check calculator is based on rules from the CARES Act, which regulated the first stimulus check and does not store your personal data in any way. Keep in mind that this tool provides estimates only – the IRS can calculate a final figure based on other factors.

read more: What do your taxes have to do with incentive checks? Everything

Important: do this before you start calculating

Again, this is just an estimate of the amount you could receive to give you a better figure; this is not necessary receive a payment. You got you adjusted gross income, or AGI, based on your tax data for 2019 or 2018. If your filed your federal tax return for 2019, you can find that figure on line 8b of the 2019 federal tax form 1040. It is line 7 on the 2018 tax form 1040.

The CARES Act allowed it claim dependent children for $ 500 each, as long as they are 16 years old or under (that is, under 17 years old). One change for the second check discussed is how the definition of a dependent can be expanded. Two proposals suggest $ 500 for dependents you claim on your taxes, regardless of age. The The White House proposal of October 9 offers $ 1,000 per dependent child, which seems to maintain the definition of this group used in the previous rules.

Remember that the calculator below is based on the first check. There are two ways to estimate the total number of dependents of each age on the calculator below, according to each proposal. For the first add the number of dependents in the corresponding field, regardless of age. For the second, double the number of dependent children you claim. For example, if you have one eligible child, enter two for a total of $ 1,000 per child. If you have two children, enter four to reach $ 2,000 for two children. We will update this calculator when the lines are finalized.

Here are exceptions to the current rules regarding when someone is between 17 and 24 years old can claim a stimulus check. If you typically don’t file a tax return or are in a different situation, read our stimulus check FAQ For more information.

Calculate your incentive payment

Use the information from your 2019 or 2018 tax return, whichever is the most recent.

1. Choose your filing status below.

Note: If you cannot see the calculator, please click on this link. Load the calculator on a mobile device in a new browser tab.

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If you don’t usually file taxes, how to estimate your incentive money

On initial checks, the IRS automatically sent incentive checks to many who would not normally have to file tax returns – including seniors, Social Security and Social Security recipients for disability insurance, supplemental security recipients, and retirees. (In some situations, eligible individuals and families who did not file taxes had to use the IRS Non-Filers tool to provide the IRS with enough information to send a check.)

If this is the case for you, enter your best guess where it is about your adjusted gross income.

Some who have not filed a tax may qualify for a payment but have not yet claimed it. The IRS sends letters to 9 million non-affiliates who may be eligible.

Reminder: Here’s who is eligible for a stimulus check

We have a lot more information here, but broadly, here’s who qualifies for some incentive money under the CARES Act:

  • You are a single U.S. citizen or resident alien and have an adjusted gross income of less than $ 99,000
  • You volunteer as the head of a household and earn less than $ 146,500
  • You file a file jointly with no children and earn less than $ 198,000

To know everything about the first payment, see our guide to the first round of checks. We also have an idea for it how quickly the IRS could send the second round of payments whether another incentive payment is approved and what other benefits you would expect in another economic aid package.

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