Skip to content

Everything to Know About the Stimulus Checks for COVID-19

Published by Robert J Stillwell on April 16, 2020


Every citizen will receive a stimulus check based on the following:

  • Most adults receive $1200 plus $500 for every child under age of 16
  • Based on 2019 income or 2018 if 2019 tax return not filed yet
  • Single Gross Adjusted Income (GAI) $75,000 or less will receive $1200
  • Married with no kids $150,000 or less will get $2400 together
  • Head of household Gross Adjusted Income (GAI) $112,500 or less will get $1200
  • Descends from there based on income
  • If you are claimed as a dependent you will not receive any payment
  • Must have social security number
  • Will be automatically deposited into your account by 4/17 if IRS has your bank information
  • You can supply bank information on their site if you would like to
  • Paper check will be received later
  • People on SS or DI should also receive stimulus check
  • Veterans and unemployed will get stimulus check
  • No income tax will be due on this stimulus money

Contact Us Today!

Get Real Value From Your Insurance Agent