Three Stimulus Check Questions

Stimulus checks began going out on March 17th as part of the $1.9 trillion American Rescue Plan Act of 2021. Here is a summary of what you might expect to receive:

  • $1,400 per individual.
    • $1,400 stimulus payment for Joint filers with AGI under $150,000; single filers under $75,000.  Joint-filer phaseout = $160,000; single-filer phaseout = $80,000.
  • $1,400 for qualifying dependents.
    • A family of four could receive $5,600 assuming income qualifying status.
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