If you are eligible to receive a $1,200 stimulus check from the Internal Revenue Service, your check is in the mail.
The IRS has begun the process of sending out relief checks to Americans with a Social Security number who earn under $75,000 a year.
The amount decreases by $5 per every $100 earned up to $99,000 a year. Hard working taxpayers who earn over $99,000, but still have bills to pay, won’t receive a dime.
Married couples who earn less than $150,000 will receive $2,400 plus an additional $500 for each child. Single mothers will also receive an additional $500 per child.
The IRS says it will use a taxpayer’s 2019 return to calculate eligibility. If you haven’t filed a 2019 return, the IRS will base the calculation on your 2018 return.
Taxpayers who haven’t filed a tax return in 2 years can file a “simple tax return” to receive their checks and any income tax refund owed by direct deposit or U.S. snail mail.
Congress approved President Trump’s $2 trillion stimulus package to help Americans impacted financially by the coronavirus.
