Cap Amount For Stimulus Check

Despite several early reports that the new stimulus checks will use the same income caps as the first stimulus payments made earlier in 2020 the upper phase out limits have in fact been reduced.

Cap amount for stimulus check. To calculate the amount they ll get the calculator divides the excess by 100 and. The first round included a 1 200 payment from the coronavirus aid relief and economic security cares act which was signed into law last march and now president trump has signed a second 900 billion economic relief package on december 27 that includes another stimulus check paying up to 600 per person. Will there be a 2 000 third stimulus check.

The income cap for a second round of stimulus checks may well be higher than 40 000 despite recent indications that eligibility will be limited to this figure if a direct payment is included in. Compared to the first direct payment this is an increase from 500 per child. The second stimulus check gave households a 100 raise on the amount given for child dependents a flat rate of 600.

The numbers in the chart above don t include the 600 flat rate for child dependents in the second stimulus check this is up from 500 with the first stimulus check. The cash act bill which included 2 000 stimulus checks for qualifying individuals. There s no cap on the number.

Read our answers to commonly asked stimulus check questions.