HOUSTON – The IRS has already sent close to 90 million stimulus payments out since mid-April, but we know many of you haven’t received one and you want to know why. Here are some of the most common questions you are asking us along with answers to help you plan.
Q: Who will get a stimulus check?
A: Basically anyone who files a tax return either last year (for your 2018 taxes) or this year (for your 2019 taxes) and makes less than $99,000 with no dependent children under 17-years-old. If a married couple filing jointly has no dependent children and makes $198,000 or more a year, they are not eligible. Everyone else will get a check for some amount. You must have a social security number to get a stimulus check. All social security recipients veterans and retired railroad employees will also receive stimulus payments. If you made too small of an income to have to file a tax return in 2018 or 2019, you should register here.
Q: How much will I get?
A: That depends on your income on your last tax return.
If you made $75,000 or less, you will receive $1,200. If you have children, you will receive $500 for each dependent child under 17-years-old.
If you made more than $75,000, you will receive less as your income gets closer to $99,000 at which point you are not eligible for the stimulus check.
If you filed jointly with your spouse, you will receive the full amount of $2,400 if your combined income was $150,000 or less, plus $500 for each dependent child under the age of 17 years old. If you made more than $150,000, you will receive less as your income gets closer to $198,000, at which point you are not eligible for the stimulus check.