If you live in the United States and need assistance on determining your eligibility for the government’s stimulus check, the IRS and TurboTax have created a website for registrants.
TurboTax has also answered some of the top stimulus questions Americans have below:
Am I eligible to receive stimulus payment?
If you have an adjusted gross income (AGI) of up to $75,000 ($150,000 married filing jointly), you should be eligible for the full amount of the recovery rebate. As your AGI increases, the stimulus amount you get will go down. The stimulus check rebate completely phases out at $99,000 for single taxpayers, $146,500 for those filing as Head of Household and $198,000 for joint filers with no kids.
How much will my stimulus payment be?
Taxpayers could receive up to $1,200 for individuals, $2,400 for joint taxpayers and an additional $500 for each qualifying child under 17 years old. For a more accurate estimate, check out the TurboTax Stimulus Check Calculator.
When will I receive my stimulus payment?
The IRS and Treasury Department expect to begin issuing stimulus checks in the second half of April.
Do I need to do anything to make sure I receive my stimulus money?
Tax filers who have not filed their taxes yet, should file with TurboTax today to get their maximum refund and ensure the IRS has their most current information, which the IRS will use to determine stimulus payments.
People that are not required by the IRS to file a tax return and do not receive social security benefits, can use the free TurboTax Stimulus Registration product to easily provide the IRS with the information they need to calculate and send their stimulus payment.
Social Security recipients do not need to take any action to get their stimulus payment, it will be automatically calculated and deposited by the IRS.
For the latest information and updates on the stimulus package and what it means for you, visit the TurboTax Blog.
