Coronavirus stimulus checks 2020 – How do I know if I get a stimulus check?

How do I know if I get a stimulus check? When stimulus check starts arriving to my account?  Has anyone received their stimulus check? Wheres my stimulus check 2020? When will I get my stimulus check? Will I really get full $1,200? Coronavirus stimulus checks 2020 – Get it now!

The 2200 Billion USD economic stimulus package (a part of CARES Act) started arriving from 15 April 2020 to around 80 million Americans. This is good news for everyone who is affected by covid-2019. However, so far only a small number of Americans have received this stimulus check. There are still many questions that need to be clarified, this post will help you get more information if your payment has not yet arrived in your bank account.

How many stimulus checks will I get?

This is common query on the internet over this week, we know you want to get more but You will get just one payment.

How do I know if I get a stimulus check?

If you are in 80 million people who will receive stimulus checks starting download GET MY PAYMENT application to track your stimulus check. From tomorrow (15 April ) You are able to check your payment status. You have two options to confirm before getting this money: get via direct deposit or check. The process requires filling your bank account information.

When stimulus check starts arriving to my account?/ When are stimulus checks being sent out?/ When will I get my stimulus check?

The Expected Timeline for Economic Impact Payments was announced by HOUSE COMMITTEE ON WAYS & MEAN

  • First Run: The week of April 13th, the IRS will make about 60 million payments through direct deposit for Americans who completed their 2018 or 2019 tax returns;
  • Second Run: Late April, the IRS will send out beneficiaries who didn’t file tax returns in 2018 or 2019 but do have direct deposit on file (99%);
  • Week of May 4: the IRS will start mailing paper checks at a rate of 5 million/week — a process that could last up to 20 weeks.

The stimulus check is starting with people with the lowest income first.

Has anyone received their stimulus check?

The amount of people who has received their stimulus check is just a tiny fraction till now.  This amount is increasing significantly from 15 April 2020. Don’t for get to check your bank account or SMS e-banking every day!

Who will receive stimulus check?

  • For U.S. citizen and Permanent Resident who has completed or filed federal income taxes for 2018 or 2019 and depends on their income thresholds;
  • Retirement people, disability, survivor benefits.

How Much Money Will I Get?

So this is exited question. Everyone wants to know. You may have heard that stimulus checks will be for $1,200. But this is a maximum amount one individual can get. The more income thresholds you get the less check you will get. So, what are the income thresholds to get a stimulus check?

  • Single Filer: >=$99,000 – WILL NOT GET
  • Single Filer: <=$75,000 – WILL GET FULL $1200
  • Joint Filer (no children): $198,000 – WILL NOT GET
  • Married/Joint Filer: <=$150,000 – WILL GET FULL 2*1200=$2400
  • Head of Household: <=$112,500 – WILL GET FULL $1200
  • Dependent Children (must be less than 17-years-old) – WILL GET $500

For example: If you are a couple and has 02 children, You will get: 2*1200+2*500=3400$ If you meet all criteria above.

If you are concerning about how much stimulus check you will get if your income below the maximum income amount, but higher than the income levels?

            The check amount will be reduced by 5$ for every 100$ more in adjusted gross income that you have above $75,000 (individual/single filer), $112,500 (head of household) and $150,000 (Married/Joint filer). In this case you will get less than 1200$.

How do I know if I missed my stimulus check?

They mail out letters within 15 days of making people’s payments. So, don’t forget to check your mailbox. In case if you get a letter but didn’t receive a direct deposit or paper check, you should want to contact IRS.

We hope This post can clarify your concerning about coronavirus stimulus check 2020 and faster get your stimulus check

 

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