is already underway, which means it's time to . And this year, you may also need , which verify how much money you've received with the (more on those forms below). The first two coronavirus stimulus checks were issued in 2020, and if you received any amount from these payments, you'll need to know how much before you file your 2020 taxes.
Here's why: If you didn't receive your checks in full (or at all), your 2020 tax return is your opportunity to. And while (thanks to the massive logistics surrounding the various stimulus packages), there are a number of , if you can.
In the meantime, Congress is ironing out the details of a new, which is likely to include that maxes out at . The , at which point we'll know more about the package, including and how big of a payment you should expect to receive. But , it's important to look back at what you received -- or didn't receive -- from checks one and two.
How much was the first stimulus check and when was it sent out?
Thewas signed into law on March 27, 2020, and the first stimulus check, which maxed out at $1,200 per person (with an ), would have arrived as early as mid-April 2020, either as a paper check in your mailbox or via direct deposit into your bank account.
If you don't have an IRS Notice 1444 and you know (or think) you received money from the first stimulus check via direct deposit, start your search in your April bank statements. If you still can't find a record of receipt, use our first stimulus check calculator below to figure out how much you should have received. You can then find what you need to claim your money by.
What about the second stimulus check amount and dates?
Congress approved another economic relief bill at the end of last year, and the second round of stimulus check payments began sending as early as Dec. 29, 2020. This payment capped out at $600 per person, and another $600 per. If you don't have IRS Notice 1444-B and can't find anything in your December and January bank statements, check out our handy to get an idea of what you were entitled to and then head to the IRS website to get what you need.
Stimulus check 1 calculator
Although there's a new set offor the third check, we left this calculator from the first stimulus check here for the sake of posterity, in case you wanted to compare estimates or to see if you got the amount you thought you would (if not, here's how to ).
By the way, the calculator doesn't retain your personal details in any way. Keep in mind that it provides an estimate of the total amount you might have received -- it isn't a final figure from the IRS.
Important: Make sure you have your AGI
CNET's stimulus check calculator tool is based on rules from the CARES Act that was passed in March, 2020. It's intended to give you an estimate of what you should have received in your first stimulus check. To use the tool, you'll need your , from your 2019 or 2018 tax information. You can find that figure on line 8b of the 2019 1040 tax form and line 7 on the 2018 1040 tax form. (And when you go to file your 2020 tax return, it'll be on line 11 of the 2020 1040 federal tax form.)
How to use the $1,200 stimulus calculator
The CARES Act allowed Americans to taxes, or have different circumstances, .for $500 each, as long as they're 16 years old or younger (that is, under 17 years old). Here are exceptions to the current rules regarding when someone who's 17 to 24 years old . If you don't typically file
Calculate your stimulus payment
Use details from your 2018 or 2019 tax return, whichever is most recent.
1. Choose your filing status below.
2. What was your adjusted gross income (AGI)?
3. How many qualified dependents did you claim in your taxes?
Note: If you aren't able to view the calculator, please. If on a mobile device, allow the calculator to load into a new browser tab.
If you don't usually file taxes, how to estimate your stimulus money
With the first checks, the IRS automatically sent stimulus checks to many who normally aren't required to file a tax return -- including senior citizens, Social Security and and railroad retirees. (In some situations, eligible individuals and families who didn't file taxes needed to use the IRS Non-Filers tool to provide the IRS with enough information to send a check.) for a payment but haven't yet claimed it.
If this is the case for you, enter your best guess where it asks for your.
Reminder: Here's who qualified to receive a first stimulus check
In broad strokes, here's the income cap under the CARES Act:
- You're a single US citizen or resident alien and have an adjusted gross income less than $99,000
- You file as the head of a household and earn under $146,500
- You file jointly without children and earn less than $198,000
For everything to know about the first payment,. We also have an idea for how quickly .