Stimulus Checks are still being equally demanded by the people of America.
Millions of Americans are getting their third stimulus check this month, and if you’re among them, it’s time to start planning how you’re going to spend it. This is the last installment of cash from the 2009 Recovery Act—a bill passed by Congress that was designed to spur economic growth and unemployment reduction.
The payments vary according to age, income, and other factors but are generally around $600 for those who file taxes jointly with their spouse.
If your household earned less than $75,000 per year in 2019 (and filed taxes jointly), then you’ll be receiving one too! You can find out if these checks apply to your situation by using this calculator: [https://www.taxes.com/calculators/government-payments/2019-federal-government-payments-calculator].
Residents Of These States Will See The Stimulus Check Money In June
If you haven’t received a $1,400 stimulus check to date, then you must have received one in the first two rounds of payments. That means your taxes were due in 2010 or 2011 and you filed before April 15th of the year following your tax return filing deadline. Even if this is true for you, there is still a chance that another round of checks may be issued later this summer.
The Treasury Department will send out notices to those who qualify for additional payments as soon as they know whether there are funds left over from the previous rounds.
It’s true that you must file a tax return in order to receive the stimulus check. However, if your adjusted gross income (AGI) is below $75,000 and you are filing as an individual, head of household, or qualifying widow(er) with dependents, then the IRS will figure out if you qualify for this payment.