Our stimulus payment calculator can estimate how much you, your family and your dependents might expect to receive in a second economic payment – once a new bill passes or with your first check if you’re still waiting for it to arrive.
If Congress approves a second stimulus check by the end of 2020, how much moneycould you expect as a payment? There are a number of variables that factor in, so we built a handy calculator to help make estimating the amount as easy as possible.
The IRS is expected to follow the same guidelines as with the first stimulus check of up to $1,200 per person, but with a twist. If and when Congress signs off on a second direct payment, there could be changes to qualifications for you or your family members, which could result in more money for you.
Our stimulus check calculator is based on rules from the CARES Act, which governed the first stimulus check, and does not retain your personal details in any way. Keep in mind this tool supplies estimates only — the IRS may calculate a final figure based on other factors.
3 quick points before you start calculating
You will need your adjusted gross income, or AGI, from your 2019 or 2018 tax information. If you’ve filed your 2019 federal tax return, you can find that figure on line 8b of the 2019 1040 federal tax form. It’s line 7 on the 2018 1040 tax form.
The CARES Act allowed you to claim child dependents for $500 apiece, as long as they’re 16 years old or younger (that is, under 17 years old). If you’d like to calculate the total for dependents of any age — a change that’s been discussed for a second check but isn’t guaranteed — add the number of dependents in the corresponding field, regardless of age.
Here are exceptions to the current rules regarding when someone who’s 17 to 24 years old can claim a stimulus check. If you don’t typically file taxes, or have a different circumstance