Stimulus Payments for all individuals
All people with social security are expected to receive stimulus payment in cash directly from the IRS as seen from the table below.
|Criteria||Stimulus Amount||Income level limitations||Basis of the payment||How would you receive the payment|
|Single person making $75K or less||$1,200||Amount is reduced above $75 and phases out at $99k||2019 Adjusted gross income (Line 8b. on form 1040 on personal return).||You will receive the money directly in your bank account with the IRS.|
|Married couple making $150K or less||$2,400||Amount is reduced above $150K and phases out at $198K||2018 Return if you have not filed 2019.||If the IRS does not have your account info, call the number on the notice you will receive from the IRS|
|Each child under 16-year-old||$500||Make sure you have one of these 2 returns filed.|