This Calculator Shows How Much Your Stimulus Check Will Be With The New Income Limits
It has been on everyone’s mind – the next stimulus check.
But did you know that this time around, the income limits have changed? This can either help or hurt you when it comes to your stimulus check.
Well, this handy calculator will show you How Much Your Stimulus Check Will Be With The New Income Limits.
The New Income Limits
Under the new stimulus bill, the income limits are as follows:
As part of the legislation, individuals who make less than $75,000 or heads of households who make up to $112,500 will qualify for the $1,400 payments. Couples who make less than $150,000 will get $2,800.
- Individuals who make between $75,000 and $80,000 and couples who earn between $150,000 and $160,000 will receive a reduced payment.
- Parents who qualify will get an additional $1,400 for every child claimed on their most recent tax returns.
So, if you want to calculate EXACTLY how much you qualify for, you need three things:
- Your filing status (single, married or head of household)
- Your AGI for the last year you filed taxes (either 2019 or 2020)
- How many dependents you claim
Once you have that information, go over to the CNet Calculator Here and input those numbers. Then click “calculate”.
For example, I put in, filing joint, with $100,000 AGI and 3 dependents. It says I’d qualify for $7,000.
Keep in mind, this is an estimation but it is accurate if you give the accurate information.
Also, this is assuming the Stimulus Bill passes the house as-is.
