Zero. Zip. Zilch.File online for free
Get the latest on the stimulus bill, available aid for individuals and families, and how coronavirus impacts your taxes including federal and state filing extensions.
Presidential Executive Orders: Once the Treasury Department provides details on these measures, we’ll update our resource center with additional information.
Note: The following information applies to stimulus payments from the March 2020 CARES Act.
Approximately 90% of Americans qualified for full or partial payment. Whether you are employed full time, part time, a gig worker, unemployed, or retired, you were likely eligible for a payment.
The starting amount is $1,200 for individuals and $2,400 for married taxpayers filing jointly, and an additional $500 for each qualifying child under age 17.
Note: The following information applies to unemployment benefits from the March 2020 CARES Act. As we learn more about new unemployment funding, we’ll add that information here.
Anyone who lost their job and/or had to quit due to coronavirus impacts. This includes full-time and part-time employees including:
How much unemployment assistance you’ll get depends on your state.. You now get 39 weeks of unemployment benefits. Typically, unemployment provides up to 26 weeks. The CARES Act provides 13 additional weeks of support.
The quickest way to apply is through your state’s unemployment office. Applications are also taken over the phone if you prefer to call.
You can check your payment status by using the IRS Get My Payment tool. If your status message says:
To receive the full amount, your 2018 or 2019 Adjusted Gross Income (AGI) must be below the following amounts for your tax filing status:
If your AGI was more than the amounts above, the credit will be reduced by $5 for each $100 over the limit). Ex. If you filed single with no children and your AGI was $85,00 in 2019, your check amount would be $700. When you enter your information into the stimulus check calculator, it will reflect these details in your result.
No, eligibility follows the guidelines for the Child Tax Credit which requires qualifying children to be 16 or younger. You won’t receive payment for dependents 17 years old or over.
No, you will not owe taxes on your payment. The legislation specifically states the payment will not be taxable.
No, it’s not. When you file your 2020 tax return in 2021, you could get an additional stimulus payment, if your circumstances change. The additional payment would be added to your refund or reduce your balance due. If your stimulus payment was too high based on actual 2020 information, it will not lower your refund or add to your balance due.
Owing federal or state taxes does not impact your stimulus payment. The stimulus payment may be offset for past due child support, but not for any other reason.
According to the IRS, you could still receive your economic impact payment from the March 2020 CARES Act by filing your 2019 return by October 15, 2020, or wait to file a 2020 return in 2021. If you aren’t required to file a return, you can use the IRS’ Enter Payment Info Here tool by October 15, 2020.
Following the announcement of the stimulus payments, the IRS is warning there’s a wave of new and evolving phishing schemes against taxpayers. The IRS will not be contacting taxpayers for personal or banking information via phone, email, text or social media to complete the stimulus payment. Do not open emails or click on attachments or links that appear to come from the IRS and avoid requests to send personal or financial information.
You will need to provide:
For those eligible for stimulus money from the March 2020 CARES Act, the IRS is issuing payments on a weekly basis. Once you enter your bank account information into the Get My Payment site, you can generally expect funds to be available in your account within two weeks.
If it’s been 14 days or more since the payment date, you should check the Get My Payment site periodically. When the IRS receives your returned payment, your Get My Payment status will change to “Need More Information,” at which point you will be able to enter your bank account information.
According to the IRS, if the bank account is closed, the deposit will be returned, and you will be issued your payment to the address the IRS has on file for you. If the Get My Payment tool indicates your payment has been processed, you cannot change your bank account information.
Yes, when you file in an office to receive your stimulus payment, you can apply for an Emerald Card in an effort to get the stimulus payment electronically. There is no fee for the stimulus payment to load on your Emerald Card. View the full list of Emerald Card fees.