NASHVILLE, Tenn. (WTVF) — Some are already seeing stimulus checks in their bank accounts. Here's what you need to know about when or if you'll get one.
How much will my check be worth?
The IRS says that depends on your Adjusted Growth Income from 2019. If you made up to $75,000 in 2019, you should receive a full $1,200 stimulus check from the IRS. For married couples who file their taxes jointly, that upper limit is $150,000. Those who make less than that amount will recieve a check for $2,400.
If you have children whom you list as dependents on your tax returns, the IRS says you'll receive an additional $500 per qualifying child.
If you made more than $75,000 ($150,000 if you're married filing jointly), you'll receive a prorated amount, with the check amount decreasing as your income increases.
If you made more than $100,000 last year ($200,000 if you're married filing jointly), you'll get no stimulus check at all, unless you have qualifying children.
Who will (and won't) get a check?
Beyond the income requirements, to be eligible for a stimulus check, you can't be claimed as a dependent on anyone else's tax returns. That means some students and even some elderly people may be out of luck.
You also need a valid social security number to get your payment. That means undocumented immigrants will not get any money, as well as those immigrants not authorized to work in the U.S.
How can I get my stimulus check?
The IRS says most people don't need to do anything to get their stimulus check, especially if you've given the IRS your checking account and routing numbers for previous years' tax refunds. By the end of the week, you can go to the IRS website to find the status of your stimulus check. If you haven't filed taxes in the last two years, you can also find information there to let the IRS know how to get you your stimulus check.