The next round of stimulus checks are coming in late December 2020 and early 2021 through a direct deposit or in the mail, but how much are you getting from the $600 coronavirus checks, and will you be able to get on at all?
Using a Stimulus Check Calculator
Thankfully, the Washington Post has created a stimulus check calculator online that citizens of the United States can use to calculate how much they might receive from the check and whether they are eligible of getting one.
The US government had been sending stimulus checks to most Northern American citizens during the pandemic to help them financially, especially as the pandemic caused millions of people to lose their jobs.
This time, the government is offering another $600-check for families to survive the winter until the COVID-19 vaccine becomes widely available.
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Who Are Eligible for the $600 Stimulus Checks?
According to the news outlet, the deal was made on Sunday, December 20, agreeing that adults with an annual income of $75,000 will receive a $600 check, plus another $600 for every child.
Meanwhile, those with annual incomes of more than $75,000 and up to $87,000 will get reduced checks, while married couples can acquire a $1,200 check if their adjusted gross income per year is under $150,000, plus an additional $600 for every child that is under the age of 17.
Reduced checks will be sent out to married couples that earn $174,000 per year, on a sliding scale.
If you have filed as a "head of household," typically single parents with children, you will be eligible to get a full $600 stimulus check if your annual income is less than or up to $112,500 per year, plus an additional $600 for every child under the age of 17.
Heads of household that earns up to $124,500 per year will receive reduced checks on a sliding scale.
A Major Difference
Moreover, mixed-immigration-status families will also be eligible for this round of stimulus checks and for the Cares Act payment that happened months prior in spring, a huge difference compared to the first round.
With these requirements, a family of four will be able to acquire a total of $2,400 under the right conditions.
To have a better idea of how much you'll get for the next round of stimulus checks, you can use the free stimulus check calculator online, where you only need to choose what you filed for, your annual gross income, and whether you have kids or not.
You don't have to worry about privacy, as none of the data you input will be stored by the website.
So, when will Americans get their much-needed coronavirus relief checks?
According to a report by FOX Business, Treasury Secretary Steven Mnuchin will start going out "as early as next week," which means the checks should arrive starting December 27 until the early days of January 2021.
"People are going to see this money [at] the beginning of next week," Secretary Mnuchin said. "Much needed relief - and just in time for the holidays."
This article is owned by Tech Times
Written by: Nhx Tingson
