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Home / Tips and Tricks / How much incentive money would you get with a check for $ 600 or $ 2000? Now calculate both

How much incentive money would you get with a check for $ 600 or $ 2000? Now calculate both



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You can estimate how much money you could get in your second stimulus check with our calculator.

Sarah Tew / CNET

The IRS has started sending second stimulus controls through direct deposit, paper checks and EIP cards to tens of millions of Americans who be eligible for the new round of direct payments. There are some important things to know about the typical IRS payment schedule and approximately January 15th for sending checks. While the IRS tracking tool is not live from January 1, you can track your paper check straight to your mailbox.

You will also want to know how much money you can expect in a second stimulus check, and where the situation now stands with a The $ 2,000 stimulus control ceiling may replace the $ 600 maximum. We help you calculate how much money your household could receive personally, with both current ones $ 600 committed in the December stimulus bill and if there is one $ 2,000 stimulus check in the future.

CNET’s stimulus calculator below follows the formula the IRS uses to chart your household’s payment, but keep in mind that this should be taken as an estimate, not a guarantee of the IRS’s final check to you . The calculator does not store or share your personal information. We recently updated this story.

How to calculate your $ 600 stimulus check total

Before you use the $ 600 or $ 2000 stimulus check calculator below, you have your adjusted gross income, or AGI, from you Federal Tax Return 2019: Find that figure on line 8b of the 2019 federal tax form 1040. (If you don’t normally file a tax return, we’ll provide more details below.) To estimate the amount of the second check, enter all your dependent children age 16 and under. A single taxpayer does not claim dependents, and a family head does not file with a spouse and claims at least one dependent.

Calculate your second incentive payment

Use data from your 2019 tax return.

1. Choose your filing status below.

Estimate how much you would get with a $ 2000 stimulus check

Immediately after signing it new COVID exemption law on December 27, authorizing the payments of $ 600, President Donald Trump asked Congress to adjust the amount to a maximum of $ 2,000 for eligible adults. On December 28, the House passed a bill that would increase the amount to $ 2,000 and sent the bill to the Senate, but it It doesn’t look like the Senate will vote to pass the bill.

However, we wanted to provide a way to calculate your total, either as hypothetical or in case a future bill is passed in 2021. The basics of eligibility are the same as for the $ 600 check (see below) and we have the amount you can receive on behalf of each child dependent $ 600, the same as the payment now being sent.

Calculate your incentive payment

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

1. Choose your filing status below.

What if I don’t have to file a tax?

As with the first checks, the IRS will automatically send incentive checks to many who don’t normally need to file a tax return, including older adults, Social Security and SSDI and SSI receivers, certain veterans and railway personnel. The IRS loosely refers to this group as non-affiliates.

If you fall into one of these categories, enter your best guess into the calculator where it matches your adjusted gross income.


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Fundamentals of Eligibility for Information on the New Incentive Payment

Broadly speaking, here’s who it is qualify for cash on the second incentive payment. With the new law, payments are up to $ 600 each, and if you hit the highest AGI limit, the amount of your check will decrease. For example, an eligible family of four could receive up to $ 2,400. For a complete failure, check out our stimulus check qualification guide.

To get the full incentive of $ 600 per person:

  • As an individual with no eligible children, you will have an adjusted gross income of up to $ 75,000 (this is tapered in full to $ 87,000, down from the $ 99,000 used for the first check).
  • You serve as the head of a household (you claim children) and earn less than $ 112,500.
  • You file jointly with no children and earn less than $ 150,000 and no more than $ 174,000 (less than $ 198,000 from the first check).
  • Each dependent child under the age of 17 counts for an additional $ 600.

Note, if you are not eligible for a second stimulus check based on 2019 data, but you would qualify based on your financial situation for 2020, you will not receive a second check this year. However, you can get that amount as a credit on your taxes for 2020.

If you qualify based on 2019 tax data, but exceed the limit in 2020, you will receive a second check and do not have to pay it back.

Who is not eligible for this round of incentive money?

We have a list of people who may not qualify for a second stimulus check. If you exceed the income limit, a non-resident alien or a dependent 17 or older, you are not eligible for a check. The People’s Policy Project think tank estimates that 13.5 million adult dependents will be excluded under the requirements, including 7.3 million students.

See what else is in it to learn all about the second payment the new incentive legislation, when the IRS could start sending checks and what we know renewed federal unemployment benefits in the new law.


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