(04-02-2020, 04:46 PM)mal234 Wrote: Here is some more information regarding the stimlus checks. The first round of checks are expected to be distributed around the week of April 13th, for people who have filed either their 2018 or 2019 Tax Returns and used direct deposit information. Lower income people will get their checks first. Paper checks will start to be mailed out around early May. The government intends to send out five million checks a week and it could take up to 20 weeks for some people to get their payments (if they are getting a check). The IRS will also be creating a portal either late this month or early May so people can enter their direct deposit information:

https://www.politico.com/news/2020/04/02...-13-162041
https://thehill.com/policy/finance/49085...ratic-memo'

Also there are several stimulus calculators out there, (I was sent one some days ago by my boss in a email) that can help people calculate what they may get back. Especially people who are around the cut off mark and even higher income people, who won't get the full payment but may still get something because they have eligible dependents. I was putting different incomes on the calculator, and I did see that some people could even make over $200,000 and if they have eligible children, could still receive money.

For example a married couple making $205,000 with two eligible children (under 17) would get a stimulus payment of $650 in total for their family. So even higher income people in that range could still get something. The amount is decreased by $5 for every $100 over the limits for the different marital statuses. (And dependents is factored into that as well). Here's a link to a stimulus calculator if someone wants to plug in their income to see what they could get.

https://www.omnicalculator.com/finance/stimulus-payment