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CHICAGO (WLS) - Dozens have reached out to the ABC7 I-Team, saying their second stimulus payment went to the wrong bank account. Those who reached out are all H&R Block customers. After days of will-he-or-won’t-he turmoil, President Trump signed the $900 billion COVID-19 relief bill Sunday evening. Now, $600 stimulus checks will begin to be deposited into Americans’ bank.
With passage of the $1.9 trillion COVID-19 relief bill seemingly imminent, a lot of Americans are eagerly watching their bank accounts, waiting for that $1,400 relief check to come in.
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However, this round has slightly different qualifications, and some people who received the last two checks (for $1,200 and $600, respectively) won’t receive this third round. Depending on your 2020 income, you might be able to pocket extra government cash by filing your taxes as soon as possible.
Here's why:
- Individuals who earned less than $75,000 ($112,500 for heads-of-household and $150,000 for couples) qualify for the full $1,400
- The amount you receive is phased out up to $80,000/$120,000/$160,000.
- Your 2021 relief bill qualification depends on your Adjusted Gross Income (AGI)
- If you haven’t filed 2020 taxes yet, the government will look at your 2019 AGI
- If you made less money in 2020 than 2019, you should file your taxes as soon as possible
The SFGate Commerce Team recommends filing with FreeTaxUSA, as it costs less than competitors like TurboTax, and for people with simple W-2 returns, it's just as easy.
Who gets the stimulus check
Individuals who made less than $75,000 (according to their tax forms) will receive the full $1,400, assuming the bill passes without significant changes. For heads of household, this number increases to $112,500, and for married couples filing jointly, the limit is $150,000.
Parents receive an additional $1,400 for every dependent child on their tax return.
Who doesn't get the relief check
Individuals who make more than $80,000, heads of household who make more than $120,000, and married couples who make more than $160,000 will not receive any stimulus money. If you fall somewhere in the between the ceiling and floor ($75,000-$80,000 for an individual, for example), you'll receive a pro-rated percentage based on where your exact income.
Your eligibility is based on your most recent tax return
This is the most important part: The government determines what amount you receive by looking at your most recent tax return. If you are one of the 22 million Americans who lost their jobs and made a fraction of their prior year's income during the pandemic, filing your taxes as soon as possible could mean thousands of extra dollars in your bank account.
Since dependent children qualify for the $1,400 as well, a family of four could be looking at a total of $5,600 in the next few weeks.
Back to Stimulus Check Tracker
Many of the deposit screenshots are first posted on our social media channels. Follow @UnemploymentPUA on Facebook and Twitter and be the first to know about any new stimulus check deposits!
US Bank Stimulus Check Direct Deposit Proof
U.S. Bank Stimulus Check Deposited On: 01-01-2021 01:06AM PST
Many of the deposit screenshots are first posted on our social media channels. Follow @UnemploymentPUA on Facebook and Twitter and be the first to know about any new stimulus check deposits!
FOR PARENTS: The Stimulus Bill did not include the private school vouchers. Instead, we are making available to all parents a $15-off school voucher towards RemoteLearning.school's Kids Education Enrichment Program (K.E.E.P) for children ages 5-17.We recommend all kids be enrolled in the program to prevent a lapse in their education. Use voucher code 'STIMULUS2021'.
Valid on Lifetime Membership option. Redeem Voucher Here.
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