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If I took money out of my 401k in 2020 will I receive a stimulus

 
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HelenC12
Expert Alumni

If I took money out of my 401k in 2020 will I receive a stimulus

It depends if the 401K distribution put you over the earnings limit for the third stimulus. To find out if you are eligible and how much you can expect, visit our stimulus calculator.

 

See the qualifications below: 

  • Families earning less than $150,000 a year and individuals earning less than $75,000 a year should get the full $1,400 per person.
  • Families earning up to $160,000 per year and individuals earning up to $80,000 per year will receive prorated amounts.
  • One notable difference from the first two stimulus is that you will receive stimulus payments for all your dependents, including adult dependents and college students.

 

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