COVID-19 TAX CENTER:
Here’s what you need to know about a possible
third stimulus check
New COVID-19 relief legislation is being considered that would include a third round of direct payments to eligible Americans. We know how important this money is to you, and we’ll keep you updated with the
Still waiting on your second
The IRS determines eligibility and issues all
- Check the IRS Get My Payment tool. The tool should tell you where your stimulus payment was
deposited or mailed. The IRS has indicated there’s nothing you can do to change where they send
- If your payment was delivered to a prepaid Turbo® Visa® Debit Card and you no longer have it, we’ll
help you get a replacement card at no cost.
- If you paid for TurboTax with your refund last year, we have given the IRS your correct account
information and they are working to send your payment within days.
- If you were entitled to a stimulus payment but did not receive one, and you didn’t pay for TurboTax
with your refund last year, you may need to claim the Recovery Rebate Credit on your 2020 taxes to
get your money.
Stimulus check FAQs
Here are some helpful answers for you
How much is the second stimulus check?
You should receive $600 per individual, plus $600 per qualifying child, if your adjusted gross income (AGI) is below:
$75,000 for individuals
$112,500 for heads of household
$150,000 for married, joint filers
For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. This means:
An individual without children will not receive any payment if their AGI exceeds $87,000.
A couple without children will not receive any payment if their AGI exceeds $174,000.
A family of four will not receive any payment if their AGI exceeds $198,000.
You can find your 2019 AGI on line 8b of your Form 1040.
Who is eligible to receive a second stimulus check?
The same eligibility rules apply to the second stimulus check payment as the first one. You must have a valid Social Security number, and you can’t have been claimed as a dependent on someone else’s 2019 tax return.
In general, taxpayers without an eligible Social Security number are not eligible for the payment. However, this new law allows households with different immigration and citizenship statuses to be eligible to receive $600 per individual and $600 per child with Social Security numbers.
What if I received my stimulus payment on a Turbo® Visa® Debit Card?
If you have your card, you can use it anywhere Visa debit is accepted in the U.S. You can also withdraw your stimulus money at more than 19,000 fee-free ATMs across all 50 states.
If you no longer have your card, we can help you get a replacement at no cost to you.
What if someone claimed me as a dependent?
If you were claimed as a dependent on someone else’s 2019 tax return, you aren’t eligible to receive a stimulus check.
Where can I find more information on stimulus payments?
You can learn more at the IRS Economic Impact Payment Information Center.
What will COVID-19 mean for my 2020 taxes?
For the latest on the tax implications of the coronavirus pandemic, check out our COVID Tax Hub.
Why is my stimulus payment a different amount than I expected?
Eligibility for stimulus payments is determined by the IRS based on your adjusted gross income (AGI).
Adjusted gross income (AGI) is your gross income like wages, salaries, or interest, minus adjustments for eligible deductions like student loan interest or your IRA deduction. Your AGI can be found on line 8b of your 2019 Form 1040.
If you have an AGI of up to $75,000 ($150,000 married filing jointly), you could be eligible for the full amount of the recovery rebate. As your AGI increases over $75,000 ($150,000 married filing jointly), the stimulus amount will go down. This means that if your AGI is over these amounts, you will not receive the full amount of the stimulus payment.