Understanding The $2 Trillion Relief Package: When Can You Expect Your Check?

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That money - $292 billion - will start flowing within weeks from the Internal Revenue Service into bank accounts.

At the center of the USA government's $2 trillion economic stimulus package in response to the coronavirus pandemic are direct payments that will put money in the wallets of most Americans.

Among other measures, the legislation includes one-time direct payments of up to $1,200 for adults with an adjusted gross income of up to $75,000 per year and $2,400 to married couples making up to $150,000 per year, as well as $500 payments per child to qualifying families.

Adults who can be claimed as a dependent by someone else won't receive anything. Who is in that group?

Can I calculate how much I'll get? About 90% of households - approximately 165 million - would benefit from the checks, according to the Tax Policy Center. Immigrants who don't have Social Security numbers also aren't eligible.

For Americans receiving Social Security benefits their funds will be based on information the government has on them for a direct deposit or check through the mail.

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Tell us your coronavirus stories, whether it's a news tip, a topic you want us to cover, or a personal story you want to share. "The goal of the recovery rebates is to provide support for Americans who are responsible for their own financial well-being or that of another during this pandemic".

Q: How much will I get? This payment is based on your 2019 tax returns.

Congress is already starting to work on the next round of its response to the virus outbreak, and some advocates are pushing for broader payments. "Many of them are on the front lines, delivering food and caring for the elderly".

All of that may slow distribution of the payments, Holtzblatt said.

"So far there's no information on how [the IRS is] going to handle that", he said. "To me, it's more of a principle thing". That's a form that the Social Security Administration sends each year to people who receive Social Security benefits, including retirement and disability. The New York Times explains that in greater detail here. In 2018, the tax year that will be used to determine most people's income if they have not already filed their taxes, the median income for Spokane was estimated to be $54,800, according to census data. One uncertainty is whether the age requirement will be 17-years-old or 16-years-old. The payments do not have to be paid back later. They don't qualify for the full $2,400 because they earn $10,000 over the cap, but they'll get a reduced check. Others may have to wait weeks or even months to see their money because it will take the IRS longer to get the paper checks printed.

When will I get my check?

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