What Car Stuff Will You Buy With Your $1200 Stimulus Check?

Andrew Cummings
March 27, 2020

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Americans are expected to receive direct payments as part of a $2 trillion coronavirus outbreak stimulus package that passed the Senate on Wednesday.

"People who file as a "head of household" (typically single parents with children) are eligible for a $1,200 check if they earn up to $112,500 a year".

The package provides one-time payments to individuals, but the amount differs based on how much money you make annually. "The main people excluded from receiving a payment are: the wealthy, nonresident aliens (i.e. foreigners who do not hold a green card), and "dependents" who can be claimed on someone else's tax return.", the Post reports.

The Washington Post has built a simple-to-use calculator (which you can access here) that asks for a few details like your marital status and tax filing status, along with your estimated income.

The more you earn, the less you will get. It is created to provide payment to those not traditionally eligible for unemployment benefits, including self-employed workers, independent contractors, and those with limited work history, who are unable to work as a direct result of the coronavirus public health emergency. Alternatively, the IRS will resort to mailing you a check, which, of course, will take longer.

Treasury Secretary Steven Mnuchin said checks would be mailed out in three weeks "as soon as Congress passes this".

If you're a single USA resident and your adjusted gross income is $75,000 or less, you will get a $1,200 check from the US government. According to the Senate analysis, your rebate will drop by $5 for each $100 you make above $75,000. It is possible that someone may have to pay back some of the money if his or her income this year turns out to be significantly more than it was in 2019 or 2018.

If you're a married couple with three children and your joint adjusted income is $150,000, you should see $3,900. When he's not writing about technology, he can be found hunched protectively over his burgeoning collection of vinyl, as well as nursing his Whovianism and bingeing on a variety of TV shows you probably don't like.

Andy is a reporter in Memphis who also contributes to outlets like Fast Company and The Guardian.

Other reports by iNewsToday