Recently, Americans learned of the $2 trillion dollar stimulus package. Many have questions such as “how much stimulus money will I get?” or “when will I get my stimulus check?” We have more clear information and the legislation being signed will give a $1200 rebate recovery check to most Americans. A family of four can be eligible for $3,400 stimulus check. Seniors, veterans, the unemployed, gig workers, self-employed and low-income Americans would be eligible too. Here’s the breakdown you need to know about your stimulus money:
How Much Stimulus Money Will I Get?
| Stimulus Checks: Single | Stimulus Checks: Married | ||
|---|---|---|---|
| $75,000 | $1,200 | $150,000 | $2,400 |
| $80,000 | $950 | $160,000 | $1,900 |
| $85,000 | $700 | $170,000 | $1,400 |
| $90,000 | $450 | $180,000 | $900 |
| $95,000 | $200 | $190,000 | $400 |
| $99,000+ | $0 | $198,000+ | $0 |
| $500 each child | $500 each child | ||
Based on the information we know so far a married couple with two children can receive a $3,400 stimulus check. It breaks down like this… $2,400 for the married couple plus $500 for each child. Senator Grassley, who architected the legislation, ensured money for most Americans in the wake of Coronavirus stating
When Will I Get My Stimulus Check?
Update: Check here to see exactly when you will receive your stimulus check!
Update: Check the status of your stimulus check!
Our research and estimates from past rebate checks saw around six or more weeks to receive checks. We’re estimating mid-April or early-May. We’re hoping our legislators can push things along much faster due to the severity of COVID-19 and get the country’s economy back on track soon. The stimulus package was unanimously passed in the Senate and heads to the House on Friday, March 27th for voting, the President for signing into law.
If I’m On Social Security Will I Receive A Stimulus Check?
Yes! According to the new legislation, people with no income, even those whose income comes entirely from non-taxable means can receive the one time rebate. Here’s more information.
Where Do I Signup To Get My Stimulus Check?
According to the IRS website, there is no signup necessary, however, they don’t have further information currently. We’ll have to wait until they have more information.
What If I Owe Back Taxes Or Child Support Will I Receive A Stimulus Check?
Yes and no, here’s the full answer…
Have any other questions? Post them in the comments below and we’ll answer them!
