It looks likeare back to the drawing board, including details on who would qualify for a second payment. On Tuesday, President Donald Trump till after the election. Trump, who , is . Late Tuesday evening on Twitter, of a .
“I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business,” Trump’s Twitter account announced midday.
The announcement followed months of start-and-stop talks to work out an agreement on a. Up to this point, there have been strong clues that a new qualification will make more people eligible for stimulus money.
While we watch to see what happens, we wanted to continue to provide a primer on stimulus eligibility, including different requirements for different groups of people. Ourcan give you an estimate for what could be due to you, if another check is approved with the new qualification.
How you could get $500 more for your dependents
There’s strong evidence that a new package could expand the definition of, which would give some families in a second stimulus check. (Here’s how the IRS .)
Specifically, dependents of any age would count toward $500 apiece in the family’s final check. This provision is in thethat the House of Representatives passed Oct. 1. And it’s also in the Republican HEALS Act introduced over the summer. Neither act is law, but the agreement on this new term could benefit tens of millions of families.
Relatively few dependents wereunder the CARES Act. Dependents aged 16 and younger were allotted $500 as part of the family payment, but new proposals from both Democrats and Republicans want to expand the definition of a dependent to include people regardless of age — that means college students and .
Will you qualify for a second stimulus check? What we know so far
It’s likely that if a second stimulus check emerges, it’ll follow many of the guidelines from the CARES Act that, but draw some changes from the , neither of which is law.
Who could qualify for a second stimulus check
|Qualifying group||Likely to be covered by the final bill|
|Individuals||An AGI of less than $99,000 (Same as CARES)|
|Head of household||An AGI of less than $146,500 (Same as CARES)|
|Couple filing jointly||An AGI less than $198,000 (Same as CARES)|
|Dependents of any age||As defined by your tax filing (HEALS proposal; and revised Heroes Act)|
|US citizens living abroad||Yes, same as CARES|
|Citizens of US territories||Likely, with payments handled by each territory’s tax authority (CARES)|
|SSDI and tax nonfilers||Likely, but with an extra step to file (more below)|
|Disqualified group||Unlikely to be covered by the final bill|
|Noncitizens who pay taxes||Proposed in Heroes Act, unlikely to pass in Senate|
|Incarcerated people||Excluded under CARES Act|
|People who owe child support||Included in Heroes proposal, but excluded under CARES|
Would retired people get another stimulus payment?
Many your tax filings, your AGI, your pension, if you’re part of the (also more below) and whether or not you count as a dependent to the IRS would likely all contribute to your chances of receiving a second payment., received a first stimulus check under the CARES Act, and would likely be eligible for a second payment if a bill is approved. For older adults and retired people, factors like
How do your taxes affect your stimulus check eligibility?
For most people,. For example, the most important factor in setting income limits is , which determines how much of the $1,200 for individuals and $2,400 for married couples you could receive if you meet the other requirements.
Ourcan show you how much money you could potentially expect from a second check based on your most recent tax filing. Read below for your eligibility if you don’t typically file taxes.
What to do if you didn’t file taxes in 2018 or 2019
People who weren’t required to file a federal income tax return in either 2018 or 2019 may not have been required to file:under the CARES Act. If that guideline doesn’t change for a second stimulus check, this group would qualify again. Here are reasons you might
- You’re over 24, not claimed as a dependent and your income is less than $12,200.
- You’re married filing jointly and together your income is less than $24,400.
- You have no income.
- You receive federal benefits, such as Social Security or Social Security Disability Insurance (SSDI). See below for more on SSDI.
With the first stimulus check, nonfilers needed to provide the IRS with some information before they could receive their checks (if you still haven’t received a first check even though you were eligible, the IRS extended its deadline to use its nonfilers tool through Nov. 21). who may fall in this category but who have not requested their payment.
Would SSDI recipients receive a second stimulus check?
Those who are part of the Direct Express card, which the government usually uses to distribute federal benefits, but through a non-Direct Express bank account or through a paper check. SSDI recipients also need to use the IRS’ Non-Filers tool to request a payment for themselves and dependents.under the CARES Act. Recipients wouldn’t receive their payments through their
All the groups that were not included in the first round of stimulus checks
For the payments authorized under the CARES Act, which became law in March, these groups were excluded:
- Single taxpayers with an over $99,000.
- Heads of households with an AGI over $136,500.
- Married couples with an AGI over $198,000.
- Children over 16 and college students under age 24.
- Nonresident aliens, as defined by the US government.
- People who are incarcerated.
- People who died since the previous tax filing. (Their families may not collect on their behalf and are expected to return the payment.)
For more, here’s what we know about the. We also have information on , , and .