Here’s how to calculate you $1,400 stimulus check total, if the latest proposal holdsFebruary 15, 2021
With thenow concluded, the Democratic-led Congress can turn its full attention to , which would include a for individuals and families. As the Senate worked its way through the trial last week, the House sorted out the details of the rescue package. While some of the specifics will look familiar from earlier stimulus bills, for the could look different.
The new proposed requirements have a lot of moving parts — fromand to — so if you’re trying to calculate how much you could , we can help. While Congress has not agreed to every detail yet, Democrats plan to . That means now’s a good time to start sketching out an idea of your share.
To help you quickly estimate your total, we’ve updated our stimulus check calculator based on the most recent proposal (PDF). Here’s more information on how you could potentially , as well as how it’s or even nothing. We also illustrate how a could . And here’s how a . This story has been updated with new information.
Stimulus check calculator for a ‘targeted’ $1,400 payment
Under the latest House plan (PDF), some qualifications used for the first two checks — including much money you and family can earn a year to get the full $1,400 — will look familiar. Other qualifications will be new, however, such as a hard cap to receive any money at all. Our calculator tool will give you an idea of the amount you can expect. The stimulus calculator won’t store or use your data. Note that our calculations are based on the most-recent House proposal and could change again before becoming law.
Proposed $1,400 stimulus calculator
Use details from your 2020 or 2021 tax return
1. Choose your filing status below.
Here’s who would get the full amount under this House proposal, based on, and when would you completely phase out of a payment. As an individual or couple’s income goes up, the size of the partial payment would get smaller.
Stimulus check proposal for income limits
|Full $1,400 per person maximum (based on AGI)||Not eligible (based on AGI)|
|Individual taxpayer||Less than $75,000||$100,000 or more|
|Head of household||Less than $112,500||$150,000 or more|
|Married couple filing jointly||Less than $150,000||$200,000 or more|
How eligibility changes may affect stimulus calculations
New with Biden’s proposal,. Also new: The upper income limit is a hard cap. Above the income ceiling you no longer qualify for any money, including for dependents. With the first two checks, you could hit the cap and still receive money for a dependent.
Expanding The People’s Policy Project. President Joe Biden’s proposal also looks to include families with ; that is, where at least one family member .would make approximately 13.5 million more adult dependents able to count toward the household total, according to
$1,400 checks vs. $600 second check: Maximums compared
Going from $600 in the second check to $1,400 in the third — either with a higher or lower cap on income — is a big leap any way you look at it. So, we wanted to highlight just what a difference the approaches could make with the chart below. Note that the first two columns, which makes it easier to compare apples with apples, and the third uses the one reportedly under discussion, with the lower cap but more money for ($1,400).
All figures could change in a final stimulus bill and represent the highest amount a household could get, but remember that just like with the first and second payments, there will be reasons.
Maximum for $600 vs. $1,400 stimulus checks
|$600 stimulus check ($600 per child age 16 or under)||$1,400 stimulus check ($600 for dependents of any age)||$1,400 stimulus check ($1,400 for dependents of any age)|
|Individual taxpayer, 0 dependents||$600 maximum||$1,400 maximum||$1,400 maximum|
|Head of household, 1 dependent||$1,200 maximum||$2,000 maximum||$2,800 maximum|
|Head of household, 2 dependents||$1,800 maximum||$2,600 maximum||$4,200 maximum|
|Head of household, 3 dependents||$2,400 maximum||$3,200 maximum||$5,600 maximum|
|Married couple, 0 dependents||$1,200 maximum||$2,800 maximum||$2,800 maximum|
|Married couple, 1 dependent||$1,800 maximum||$3,400 maximum||$4,200 maximum|
|Married couple, 2 dependents||$2,400 maximum||$4,000 maximum||$5,600 maximum|
|Married couple, 3 dependents||$3,000 maximum||$4,600 maximum||$7,000 maximum|
For more, here’s how to , what to do and all the important things you need to know about .