U.S. residents will receive the Economic Impact Payment of $1,200 for individual or head of household filers or $2,400 for married filing jointly, if they are not a dependent of another taxpayer and have a work eligible Social Security number with adjusted gross income up to:
- $75,000 for individuals
- $112,500 for head of household filers and
- $150,000 for married couples filing joint returns
Taxpayers will receive a reduced payment if their adjusted gross income is between:
- $75,000 and $99,000 if their filing status was single or married filing separately
- $112,500 and $136,500 for head of household
- $150,000 and $198,000 if their filing status was married filing jointly
The amount of the reduced payment will be based upon the taxpayers specific adjusted gross income.
We encourage you to visit the IRS FAQ page for full details about eligibility and payment amounts:
https://www.irs.gov/coronavirus/economic-impact-payment-information-center.