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If Congress approves aby the end of 2020, could you expect as a payment? There are a number of variables that factor in, so we built a handy calculator to help make estimating the amount as easy as possible.
The IRS is expected to follow the same guidelines as with theof up to $1,200 per person, but with a twist. If and when a , there could be for you or , which could result in more money for you. However, there are two different proposals for what that means, so things could get tricky. It’s important to read the next section below before you use the calculator tool.
Our stimulus check calculator is based on rules from the CARES Act, which governed the first stimulus check, and does not retain your personal details in any way. Keep in mind this tool supplies estimates only — the IRS may calculate a final figure based on other factors.
Important: Before you start calculating
You will need your, from your 2019 or 2018 tax information. If you’ve , you can find that figure on line 8b of the 2019 1040 federal tax form. It’s line 7 on the 2018 1040 tax form.
The CARES Act allowed you tofor $500 apiece, as long as they’re 16 years old or younger (that is, under 17 years old). One change for the second check under discussion is how to expand the definition of a dependent. Two proposals suggest $500 for dependents you claim on your taxes regardless of age. The offers $1,000 per child dependent, appearing to keep the definition of this group used in the previous rules.
Remember, the calculator below is based on the first check. There are two ways to estimate the total number of dependents of any age on the calculator below, according to each proposal. For the first, add the number of dependents in the corresponding field, regardless of age. For the second, double the actual number of child dependents you claim. For example, if you have one qualifying child, enter two for a total of $1,000 per child. If you have two children, enter four to reach the sum of $2,000 for two children. This calculator will update when the rules are finalized.
Here are exceptions to the current rules regarding when someone who’s 17 to 24 years old. If you don’t typically file taxes, or have a different circumstance, read our for more information.
Calculate your stimulus payment
Use details from your 2019 or 2018 tax return, whichever is most recent.
1. Choose your filing status below.
Note: If you aren’t able to view the calculator, please. If on a mobile device, allow the calculator to load into a new browser tab.
Don’t usually file taxes? Here’s how to estimate your stimulus money
With the first checks, the IRS automatically sent stimulus checks to many who normally are not required to file a tax return — including senior citizens, Social Security and Social Security Disability Insurance recipients, Supplemental Security Income recipients and railroad retirees. (In some situations, eligible individuals and families who didn’t file taxes needed to use the IRS Non-Filers tool to provide the IRS with enough information to send a check.)
If this is your case, enter your best guess where it asks for your.
for a payment but have not claimed it yet. The IRS is sending letters to 9 million nonfilers who may be eligible.
Reminder: Here’s who’s eligible for a stimulus check
We have much more information, but in broad strokes, here’s who’s eligible for some stimulus money under the CARES Act:
- You’re a single US citizen or resident alien and have an adjusted gross income less than $99,000
- You file as the head of a household and earn under $146,500
- You file jointly without children and earn less than $198,000
For everything to know about the first payment,. We also have an idea for once they are approved and .