Will I Get a Stimulus Check?- How to Calculate

Posted Tuesday, Feb 23, 2021

One of the most asked questions now is, “Will I get a stimulus check?” The answer to that depends on the gross income reported on your taxes, whether you are filing as an individual or jointly. To find out the answer to “Will I get a stimulus check,” read on.

Currently, the US government is in debate over a proposed $1.9 trillion Pandemic Relief Bill, which includes relief for American citizens, often referred to as stimulus checks. The proposed relief payments at this time would be $1400 per adult and dependent. But, how do you know if you’ll receive the $1400?

First, let’s look at those filing as individuals. If your adjusted gross income (taxable income before deductions) is less than $75,000, you’ll receive the full $1400. If your adjusted gross income (AGI) is $75,000 to less than $100,000, you will receive an amount less than $1400. If your AGI is more than $100,000, you will not receive a stimulus payment.

Next, let’s look at those filing jointly. If your AGI together is less than $150,000, you’ll receive the full $1400. If your combined AGI is $150,000 to less than $200,000, you will receive an amount less than $1400. If your combined AGI is more than $200,000, you will not receive a stimulus payment.

Lastly, let’s look at those filing as head-of-household. If your AGI is less than $112,500, you’ll receive the full $1400. If your AGI is $112,500 to less than $150,000, you will receive an amount less than $1400. If your AGI is more than $150,000, you will not receive a stimulus payment.

Again, these brackets are part of the Pandemic Relief Bill that is still being debated, so they may change. However, at this time (2/23/021), these figures will help you answer, “Will I get a stimulus check?”

Photo by Giorgio Trovato on Unsplash