Do you not file a joint return? @Shirlee
The Coronavirus Aid, Relief and Economic Security (CARES) Act, a $2 trillion stimulus package, will deliver relief through a range of measures, including an advanced tax rebate to taxpayers.
It entails a refundable tax credit of up to:
- $1,200 for individuals
- $2,400 for joint taxpayers
- $500 per qualifying child
Stimulus payments will be based on information from your most recent tax filings, either 2019, or 2018 if you haven't filed this season yet. But, the amount paid to you now will be reconciled on next year’s tax return based on your current 2020 situation.
You can check on the status of your stimulus payment at the IRS Get My Payment site.
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