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The amount of the stimulus check is gradually reduced once agi exceeds these limits.
Stimulus check total amount. Back of the envelope math indicates that washington d c has the lowest average payment at 1 386. If you claim the head of household filing status on your tax return your. A second round of stimulus checks may soon land in the bank accounts of millions of americans after president donald trump signed a 900 billion economic relief package on december 27.
Biden s plans include stimulus payments of 1 400 per person that when coupled with the 600 payment approved in december would bring the total amount to 2 000 a figure backed by president. Utah which has the largest average household size has the highest average stimulus check at 1 944. The 2 trillion economic stimulus bill includes help for american families who are hurting financially due to the economic impact of the coronavirus.
If you add up the irs s state by state totals and divide by the number of payments the average stimulus check comes out to 1 699. If you re married and file a joint tax return the amount of your stimulus check will drop if your agi exceeds 150 000. Most adults will receive 1 200 checks plus.
An individual either single filer or married filing separately with an agi above 87 000 would not receive a stimulus check. A couple filing jointly would not receive a stimulus check once agi tops 174 000.
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