Although some government officials wanted to send the American people $2,000, the maximum stimulus amount for an individual is $600. Married couples who file their taxes jointly will receive $1,200. However, parents and people with minor dependents can receive more. The government will send parents an additional $600 for each dependent who is 16 years old or younger.
Parents will not receive payments for dependents who are 17 years of age or older. There is no limit or cap on the number of children. For instance, if someone has 10 young children, they will get an additional $6,000.
Higher earners will receive a reduced stimulus check amount if they earn between:
- $75,000 and $87,000 as a single tax filer.
- $112,500 and $124,500 as a head of household.
- $150,000 and $174,000 if married and filing jointly.
The IRS will still give parents with these incomes $600 per child.
People who earned more than the above figures will not get a stimulus payment. When it comes to additional payments for dependents younger than 16, parents might receive a reduced government stimulus check, but this amount varies based on their income and number of eligible dependents.
For example, a married couple who earned $175,000 jointly and have a 13-year-old child will get $550. With two young children, the couple would receive $1,150.
However, if the couple made $190,000, the government would not send them a payment unless they have two or more children. Even if individuals and households do not get a stimulus check, they still may be able to claim the payment.
By Admin –
