FINANCIAL & TAX CALCULATORS
Stimulus Payment Calculator
Calculate your federal stimulus payment eligibility and estimated amount.
What is the Stimulus Payment Calculator & How does it work?
The Stimulus Payment Calculator helps you determine your eligibility for the Economic Impact Payment, also known as the stimulus check. This payment is based on your adjusted gross income (AGI) and filing status. The formula used to calculate the stimulus payment is straightforward:For married couples filing jointly, the thresholds and maximums are adjusted accordingly.
Payment = min(max(0, 1200 + (max(0, AGI – $75,000)) * 0.6), $6000)
AGI = Adjusted Gross Income
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Frequently Asked Questions
How much is the stimulus payment?
The stimulus payment ranges from $0 to $6,000, depending on your adjusted gross income (AGI) and filing status.
What is included in AGI for this calculator?
AGI includes all income minus adjustments like IRA contributions and student loan interest.
How do I calculate my stimulus payment if I'm married?
For married couples filing jointly, the thresholds and maximums are adjusted accordingly in the calculation.
Can I get a stimulus check if I don't have a Social Security number?
Yes, you can still receive the payment if you file a tax return using an Individual Taxpayer Identification Number (ITIN).
When will I receive my stimulus payment?
Payments were sent out in phases starting in April 2020, and the process may take several weeks.
Do I need to apply for this stimulus check separately?
No, if you are eligible, you should have received it automatically based on your tax information.
What happens if my income changes after I receive the payment?
If your income decreases, you may be required to repay part of the stimulus payment when you file your taxes for the year.
Results are for informational purposes only and do not constitute professional advice.