When will your stimulus check arrive? And how much will you receive?

A Timeline for Coronavirus Economic Impact Payments
White House commits to sending stimulus checks within 2 weeks
Posted at 12:22 PM, Apr 07, 2020
and last updated 2020-04-07 15:04:58-04

The first economic stimulus checks aimed at bolstering the economy amid the coronavirus crisis are expected to be distributed starting next week.

Individuals will be eligible for as much as $1,200 per person, $2,400 for married couples filing jointly, and $500 per dependent child. Amounts vary based on your 2018 or 2019 taxes.

According to the IRS:

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. Social Security recipients and railroad retirees who are otherwise not required to file a tax return are also eligible and will not be required to file a return.

Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples and up to $500 for each qualifying child.

  • 60 million checks distributed through direct deposit will be issued the week of April 13.
  • The IRS will start sending paper stimulus checks the week of May 4.
  • Approximately 5 million paper checks will be issued each week after May 4.

Click here for updates on the Economic Impact Payments from the IRS