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What you should know about your coronavirus stimulus check from the IRS

   Friday April 17, 2020 - 2:56 AM
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(AP) - Americans are beginning to see the first economic impact payments hit their bank accounts.

The Treasury Department says about 80 million Americans received c(AP) Americans are beginning to see the first economic impact payments hit their bank accounts.

The Treasury Department says about 80 million Americans received checks as of Wednesday. The one-time payments were approved by Congress as part of an emergency relief package intended to combat the economic damage from the coronavirus pandemic.

The exact timing of when people get their money depends on a few factors, such as income and payment delivery method.

WHO IS GETTING A CHECKbr Any adult earning up to 75,000 in adjusted gross income who has a valid Social Security number will receive a 1,200 payment.

The payment steadily declines for those who make more and phases out for those who earn more than 99,000. For married couples, both adults receive 1,200, with the phase-out starting at 150,000 of income and falling to zero for couples who earn 198,000.

Parents will also get payments of 500 for each eligible child this is generally those 16 years old or younger.

For heads of household with one child, the benefit starts to decline at 112,500 and falls to zero at 136,500.

Even those who only receive Social Security or other government benefit programs can ...

hecks as of Wednesday. The one-time payments were approved by Congress as part of an emergency relief package intended to combat the economic damage from the coronavirus pandemic.

The exact timing of when people get their money depends on a few factors, such as income and payment delivery method.

WHO IS GETTING A CHECKbr Any adult earning up to 75,000 in adjusted gross income who has a valid Social Security number will receive a 1,200 payment.

The payment steadily declines for those who make more and phases out for those who earn more than 99,000. For married couples, both adults receive 1,200, with the phase-out starting at 150,000 of income and falling to zero for couples who earn 198,000.

Parents will also get payments of 500 for each eligible child this is generally those 16 years old or younger.

For heads of household with one child, the benefit starts to decline at 112,500 and falls to zero at 136,500.

Even those who only receive Social Security or other government benefit programs can ...

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