Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive a stimulus payment of up to $1,200 for individuals or $2,400 for married couples and up to $500 for each qualifying child. A Social Security Number (SSN) is required to receive a stimulus payment. Those that receive Social Security and/or Railroad Retirement Benefits may receive a stimulus payment and do not need to have filed a zero-liability tax return.
Based on one’s Adjusted Gross Income (AGI) from 2018 or 2019 Federal tax flings (AGI for 2018 and 2019 can be found on Line 7 of Form 1040):
Single filing status taxpayer*
- If AGI is less than $75,000 - $1,200 stimulus payment
- If AGI is between $75,001 - $99,000 – Phase-out of $1,200 stimulus payment
- If AGI is more than $99,000 - $0 stimulus payment
- *Taxpayer not claimed as a dependent or qualifying child on another person’s tax return
Married couple taxpayers
- If AGI is less than $150,000 - $1,200 stimulus payment
- If AGI is between $150,001 - $198,000 – Phase-out of $1,200 stimulus payment
- If AGI is more than $198,000 - $0 stimulus payment
Dependent or Qualifying Child claimed
- Up to $500 per dependent or qualifying child. Phase-outs of stimulus payments apply.
- If you’ve been claimed as a dependent on someone else’s 2019 tax return, you are not eligible to receive the stimulus payment.
The key factor is your household's annual income as the stimulus payment is aimed at helping low- and moderate-income families. Individual taxpayers will get $1,200 each if their Adjusted Gross Income is less than $75,000 and married households will receive $2,400 if their Adjusted Gross Income is less than $150,000. (Adjusted Gross Income for 2018 can be found on Line 7 of Form 1040, for example. Go to IRS.gov for more information.)
Phase-outs of stimulus payments
Tax filers with Adjusted Gross Income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible.