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Coronavirus stimulus checks start today for up to $1,200. Find out if you're eligible

por Latanya Schulze (2020-06-18)

id="article-body" class="row" section="article-body"> As part of the stimulus package, you may be eligible for a payment from the federal government.

Angela Lang/CNET For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. Over 80 million Americans who have set up direct deposit with the IRS will receive their coronavirus stimulus payments of up to $1,200 by the end of today, April 15. Everyone else will get their check in the mail (more below), unless they set up direct deposit with the IRS before their payment is processed.

There's a lot to know about the one-time payout -- how do you find out if you're eligible to receive it, and how much will you get? How do you use the IRS web portal to quickly file a return to receive your check, if you normally aren't required to file one? What should you spend the money on? And how can you track your 2020 stimulus check?

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Before we dive in, a few important things to note: Not everyone will be receive the full $1,200 amount, and those who don't meet the requirements won't get a stimulus check at all. And if you're eligible for a payment but don't receive it by April 15, the IRS has a you a way to check on its status. You can also provide your direct deposit information to get your payment quickly.

In addition, here's more personal finance information on how to avoid COVID-19 scams, how coronavirus affects your rent payment and how else you can get financial relief during the coronavirus outbreak.

Now playing: Watch this: Coronavirus stimulus checks: Everything you need to know 2:06 Is the money yours, free and clear?
Yes. You don't have to pay taxes on any stimulus payment you receive from the IRS. It's also not an advance on your usual tax refund. If you get a check now your 2019 tax refund won't be smaller as a result. You can spend the total of your stimulus money just like cash.

How much stimulus money you get depends on your taxes
The total amount of your stimulus check will be based on your adjusted gross income, or AGI, from your 2019 federal tax filing or -- if you haven't filed this year -- your 2018 filing.  

If you've filed your 2019 federal tax return, you can find that figure on line 8b of the 2019 1040 federal tax form. It's line 7 on the 2018 1040 tax form. If you haven't filed this year, don't worry. The US government has delayed the due date for 2019 taxes to July 15 as a result of coronavirus.

Coronavirus updates

How to track your stimulus check today: What we know

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Here's who is eligible for a stimulus payment
The amount you'll receive will depend on your total income in 2019 or 2018. If you qualify, you'll receive one payment. Here's who qualifies:

If you're a single US resident and have an adjusted gross income less than $99,000

If you file as the head of a household and earn under $146,500

If you file jointly without children and earn less than $198,000
Read on for how your payment is calculated and how much you can expect. You can also look at this calculator from the Washington Post.

Every little bit helps.

Angela Lang/CNET How much you'll get as a single taxpayer

A single US resident must have a Social Security number and an AGI under $75,000 to receive the full amount of $1,200. The sum decreases as your AGI goes up. If your adjusted gross income reaches $99,000, you won't be eligible for the stimulus. 

Heads of household
If you file as head of a household, you will get the full $1,200 payment if your AGI is $112,500 or less, with the amount decreasing till you reach $146,500.

Couples filing jointly
Married couples filing jointly without children with an adjusted gross income below $150,000 will get a $2,400 payment, decreasing to zero at $198,000. For each child age 16 or younger in the family, parents will get a payment of $500. Older children and other dependents may not be eligible for Jasa Server Pulsa a payment.

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