Most Americans will get coronavirus stimulus check in April. Here's how the program works.
The Senate unanimously passed a massive $2.2 trillion coronavirus emergency rescue package late Wednesday, and among its many tools to bolster the economy amid the COIVD-19 pandemic is $290 billion set aside for direct payments to most Americans. Assuming the House passes the bill, expected to happen Friday, and President Trump signs it, most Americans will get a one-time payment of about $1,200 sometime in April, Treasury Secretary Steven Mnuchin says.
The payments will be based on tax returns from 2019 or 2018. Generally speaking, individuals with an adjusted gross income up to $75,000 will get $1,200 checks, or $2,400 for couples earning up to $150,000. Couples and "head of household" single parents will also get $500 per child. The checks taper off up to $99,000 in income per individual and $198,000 for joint filers with no children. The Washington Post has a calculator for estimating how much money your check should contain. Kiplinger also has a helpful stimulus calculator.
About 125 million people, or 83 percent of tax filers, will get checks, says Kyle Pomerleau at the American Enterprise Institute. "The main people excluded from receiving a payment are: the wealthy, nonresident aliens (i.e. foreigners who do not hold a green card), and 'dependents' who can be claimed on someone else’s tax return.," the Post reports.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Many Americans won't actually get a paper check. The first people to get funds from the program will be those who have direct deposit information on file with the Internal Revenue Service from 2019 returns, filed this year, or 2018 returns. If the IRS does not have your direct deposit information, it will send a check to the mailing address it has on file. "People who don't pay taxes, such as those with very low incomes, may be hard to reach the way the program is designed," Politico notes.
"The last time the U.S. government did anything like this, back in 2008," the Post reports, "the payments went out in batches and it took about eight weeks for the final people to receive their checks."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Inside the house of Assad
The Explainer Bashar al-Assad and his father, Hafez, ruled Syria for more than half a century but how did one family achieve and maintain power?
By The Week UK Published
-
Sudoku medium: December 22, 2024
The Week's daily medium sudoku puzzle
By The Week Staff Published
-
Crossword: December 22, 2024
The Week's daily crossword
By The Week Staff Published
-
Marty Makary: the medical contrarian who will lead the FDA
In the Spotlight What Johns Hopkins surgeon and commentator Marty Makary will bring to the FDA
By David Faris Published
-
California declares bird flu emergency
Speed Read The emergency came hours after the nation's first person with severe bird flu infection was hospitalized
By Rafi Schwartz, The Week US Published
-
Bird flu one mutuation from human threat, study finds
Speed Read A Scripps Research Institute study found one genetic tweak of the virus could enable its spread among people
By Peter Weber, The Week US Published
-
Dark chocolate tied to lower diabetes risk
Speed Read The findings were based on the diets of about 192,000 US adults over 34 years
By Peter Weber, The Week US Published
-
ACA opens 2025 enrollment, enters 2024 race
Speed Read Mike Johnson promises big changes to the Affordable Care Act if Trump wins the election
By Peter Weber, The Week US Published
-
McDonald's sued over E. coli linked to burger
Speed Read The outbreak has sickened at least 49 people in 10 states and left one dead
By Rafi Schwartz, The Week US Published
-
Long Covid: study shows damage to brain's 'control centre'
The Explainer Research could help scientists understand long-term effects of Covid-19 as well as conditions such as MS and dementia
By The Week UK Published
-
FDA OKs new Covid vaccine, available soon
Speed read The CDC recommends the new booster to combat the widely-circulating KP.2 strain
By Peter Weber, The Week US Published