The House of Representatives adopted $ 1.9 trillion Covid-19 relief package Saturday, leaving only a Senate vote and signature from President Biden between Americans and $ 1,400 relief checks.
To be eligible for as much as $ 1,400, individuals must have one adjusted gross income (AGI) under $ 75,000. Couples applying together must have an AGI below $ 150,000 to receive the full $ 2,800.
In the previous two rounds of stimulus checks, parents with relatives under the age of 17 were eligible to receive an additional check for each child. For the third round, however, there is no age limit for breadwinners, meaning a eligible family with an adult breadwinner and a child breadwinner could receive as much as $ 5,600 in support.
But having an AGI over $ 75,000 does not mean you walk away empty-handed from this latest round of relief. The amount of stimulus a person receives becomes less for every $ 100 they earn over $ 75,000 before disappearing completely when a person has an AGI higher than $ 100,000 or a couple has an AGI higher than $ 200,000.
To see how much relief you can expect to receive, find a personal finance website Cultivate made a calculator That factors in your application status, annual income and the number of dependents you have.
To see how much your stimulus check could amount to, simply connect your AGI – click here if you need help calculating it and other information below.