Citation :
Taxpayers earning $75,000 or less will receive the full $1,200, and the check amount will decrease $5 for every $100 between that threshold and $99,000. Taxpayers who are married filing jointly will receive $2,400 if they earn $150,000 or less, and those checks will be phased out up to the maximum of $198,000. Heads of household will qualify if they earn $112,500 or less, up until the cap at $146,500. Americans will receive $500 for every child under age 17. Recipients of Supplemental Security Income are also eligible for the checks. Taxpayers must be a U.S. citizen, have a Social Security number and cannot be claimed as dependents by someone else. Their check amounts will depend on 2019 tax returns, or 2018 if last year’s return has not yet been filed. (The deadline to file 2019 returns has been pushed to July 15, 2020). The government will use information from Social Security benefit statements if an individual has not filed a tax return in the last few years. The rebate checks are nontaxable.
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