STIMULUS EXPLAINED

 

1. WHO QUALIFIES? 

• Individuals who earn less than $99,000

• Married couples who earn less than $198,000 combined

• Must have a valid Social Security Number. There’s is an exception for members of the military.

• You CANNOT get a payment if someone claims you as a dependent, even if you’re an adult. 

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2. HOW DO I GET MY MONEY? 

• There is NO APPLICATION. The IRS will look at your 2019 Taxes to send your money. If you have not done 2019 then they will look at your 2018 filings.

• If you haven’t filed your taxes, you must do so ASAP. 

• You will receive your money via direct deposit or check in the mail.

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3. HOW MUCH?
FOR SINGLE INDIVIDUALS
YOUR INCOME                YOUR CHECK
$75,000                               $1,200
$80,000                               $950
$85,000                               $700
$90,000                               $450
$95,000                               $200
$99,000+                             $0

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4. HOW MUCH?
FOR MARRIED COUPLES
YOUR INCOME                 YOUR CHECK
$150,000                              $2,400
$160,000                              $1,900
$170,000                              $1,400
$180,000                              $900
$190,000                              $400
$198,000+                            $0

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5. HOW MUCH?
FOR PARENTS

Every parent or guardian who meets the income requirements, with children under the age of 17 is eligible for an additional

$500 PER CHILD

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6. UNEMPLOYMENT BENEFITS EXPLAINED

The new bill would wrap in far more workers than are usually eligible for unemployment benefits, including self-employed people, contact workers, and part-time workers.
Under the plan, eligible workers would get: an extra $600 per week for up to 4 months on top of their state benefit.
Exact amount varies by state. Check with your local department of labor.