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Originally Posted by Next Best Thing
Isn't there a stipulation that one must have filed a tax return in 2018 or in 2019 and met income requirements.
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Yes you must have filed a tax return. If you have yet to file your 2019 return then you must have filed the 2018 return and they will go off that. If after you file your 2019 return and your income falls outside the requirements then what you received will be deducted from your 2019 return.
Single adults who reported adjusted gross income of $75,000 or less on their 2019 tax returns a one-time check for $1,200. Married couples who filed jointly will receive $2,400. Families will get an additional $500 for each child under 17.
The size of the check will decrease based on income for individuals who earned more than $75,000 based on their federal tax return for 2019 (or their 2018 return if they have not filed yet). The payment for individuals will shrink by $5 for every $100 earned over $75,000. For couples who filed jointly, the reduction will start once they earn more than $150,000; for heads of household, at $112,500.
Individuals who earned more than $99,000 and couples who earned more than $198,000 jointly will not receive checks. The income cut-off for heads of households is $136,500.