If Congress approves aby the end of 2020, could you expect as a payment? There are a number of variables that factor in, so we built a handy calculator to help make estimating the amount as easy as possible.
The IRS is expected to follow the same guidelines as with theof up to $1,200 per person, but with a twist. If and when a , there could be for you or , which could result in more money for you. However, there are two different proposals for what that means, so things could get tricky. It’s important to read the next section below before you use the calculator tool.
Our stimulus check calculator is based on rules from the CARES Act, which governed the first stimulus check, and does not retain your personal details in any way. Keep in mind this tool supplies estimates only — the IRS may calculate a final figure based on other factors.
Important: Before you start calculating
You will need your, from your 2019 or 2018 tax information. If you’ve , you can find that figure on line 8b of the 2019 1040 federal tax form. It’s line 7 on the 2018 1040 tax form.
The CARES Act allowed you tofor $500 apiece, as long as they’re 16 years old or younger (that is, under