As reported by cnet,
If there is, you could end up with a bigger payout than you had before. Right now, the to yield an agreement on legislation continue, so the for this to happen is still unknown.
Congress is currently focusing onthat would renew a renew but doesn’t include another direct stimulus payment, which was expected to bring . Leaving out the popular direct payment would shed billions from the total cost of the bill and also a layer of complication, which may make the package more likely to get a vote in such a short amount of time.
A new bill that does have a second stimulus checkand expected changes to the could mean that you and your could get , less money or . If there is a second stimulus check, those who qualify will fall into different
More information is below. We regularly update this story.
How much bigger your second payment could be in $$$
Again, we won’t know the rules for sure until a bill is signed into law. But we do know some possibilities, based onand possibly even the . For most people, the total amount you’re likely to receive is based on your , and .
Here’s how much more stimulus money you could potentially see if…
More people qualify as a dependent: The Democratic proposal for the next bill expands the definition of “” to include on your tax returns — such as children over 16 and adults under your care. By today’s sums, that’s $500 more per person you support, with potentially no cap. If you had one dependent who qualified in the first round and three that qualify in the second, that would get your family $1,000 more if you had no other changes.
Child dependents get more money: The most recent White House proposal wouldfor children, but double the payout to $1,000. So if you have one dependent, your second check could be $500 larger.
You gain another dependent: If you had or adopted a child, you may see $500 to $1,000 more, depending on the final bill.
Your employment status changed: If you became unemployed this year or your wages dropped, that could, which is used to determine the payment. For example, if you got a partial payment with the first check, you may receive a full payment if you are no longer employed.
You got married: Depending on several variables that include your spouse’s filing status and any new dependents, a change in marital status could result in a larger check. For example, if you were single and filing alone, you got $1,200 max. Married, you could be eligible for $2,400 maximum, sinceis based on your combined household income.
You now share custody of a child: If you meet specific qualifications, you and the child’s other parent. That means you could get $500 more in the second check, especially if anything in your situation changes from the time you filed your 2018 tax return to 2019. The second check allowance will be based on your most recent tax filing.
A rule change concerning incarcerated people becomes permanent: A federal judge has ruled that. If the ruling stands, these people may be entitled to a second stimulus check of up to $1,200, as well as the first. That’s a potential $2,400 total for individuals, with more potential money for dependents.
You’re an “undocumented immigrant”: Democrats propose thatfunds if they pay taxes, that passed the House of Representatives in two forms, but which is not law. If that qualification goes through, it could mean that some people who did not get a check as part of the CARES Act could get a second check. If it works retroactively, individuals may be eligible for both payments. This is contingent, along with the rest of the stimulus check qualifications, on the details of a new law.
There’s a potential for $1,200-$2,400 for this group, with more for dependents. For a married couple with two young children who didn’t receive the first check, the second round could possibly yield as much as $3,400.
Keep reading below for how you could get less money than before.
With a rule change, your family could get more money
Here are some potential scenarios for how the two different approaches could play out for families. You can use ourto get a more specific estimate for your particular situation.
Stimulus check calculations with dependents
|Scenario 1||Scenario 2||Scenario 3||Scenario 4|
|Tax filing status||Single||Head of household||Married||Married|
|2018 or 2019 tax AGI||$45,000||$60,000||$160,000||$190,000|
|Estimated total with:|
|1 dependent under 17 ($1,000 total)||$2,200||$2,200||$2,900||$1,400|
|3 dependents under 17 ($3,000 total)||$4,200||$4,200||$4,900||$3,400|
|1 dependent of any age ($500 total)||$1,700||$1,700||$2,400||$900|
|3 dependents of any age ($1,500 total)||$2,700||$2,700||$3,400||$1,900|
Looking for more? Here’s the , and here’s what you need to know about , and if you’re in a .