How do I know if I’ll receive a stimulus check?
Receiving a stimulus check can be a significant financial relief during these challenging times. However, many individuals are left wondering whether they will be eligible for this financial assistance. In this article, we will discuss the key factors that determine your eligibility for a stimulus check and how you can check if you will receive one.
Firstly, it’s essential to understand that the stimulus checks are designed to provide financial support to individuals and families affected by the economic downturn caused by the COVID-19 pandemic. The eligibility criteria for these checks have been established by the government, and they are based on several factors:
- Income Level: The amount of the stimulus check you receive is directly tied to your income level. For individuals who earned less than $75,000 in 2019 or $150,000 for married couples filing jointly, the full amount of the stimulus check will be received. However, the amount will be reduced for those earning more than these thresholds.
- Dependents: If you have dependents, such as children or other qualifying relatives, you may be eligible for additional stimulus checks for each dependent. This means that your total stimulus check amount could be higher if you have dependents.
- Marital Status: Your marital status also plays a role in determining your eligibility. If you are married and filing separately, you may not be eligible for the full stimulus check amount.
Now that you understand the factors that determine your eligibility, here’s how you can check if you will receive a stimulus check:
- Use the IRS’s Get My Payment Tool: The IRS has created a tool called “Get My Payment” that allows you to check the status of your stimulus check. Simply visit the IRS website, enter your Social Security number, filing status, and amount of dependents, and the tool will provide you with information about your payment.
- Check Your Bank Account: If you have direct deposit set up with the IRS, you can check your bank account for the arrival of your stimulus check. If you haven’t received the payment, it may still be in the process of being distributed.
- Track the IRS’s Website: The IRS website will provide updates on the status of stimulus checks, including any delays or changes in the distribution process.
In conclusion, determining your eligibility for a stimulus check involves considering your income level, dependents, and marital status. By using the IRS’s “Get My Payment” tool and monitoring your bank account, you can stay informed about the status of your stimulus check. Remember that the IRS will send you a letter notifying you of the amount of your stimulus check, so keep an eye out for this correspondence as well.
