Economic Impact Payment Requirements
- Must have a valid Social Security Number (SSN).
- Spouses and children of undocumented immigrants with SSNs are now eligible.
- 2019 or 2020 tax returns must be filed and processed.
- The IRS will use the most recent processed return.
- Individual filers with an Adjusted Gross Income (AGI) of $75,000 or less will receive $1,400.
- AGI between $75,000 - $80,000 will receive a partial amount.
- AGI over $80,000 will not receive a payment.
- Joint filers with an AGI of $150,000 or less will receive $2,800.
- AGI between $150,000 - $160,000 will receive partial payment.
- AGI over $160,000 will not receive a payment.
- Individuals who meet the above requirements will receive an additional payment of $1,400 for each dependent regardless of age.
- Individuals must have claimed the dependent(s) on their most recent processed tax return.
Supplemental Security Income and Social Security Disability Insurance Recipients
- SSI and SSDI recipients will be eligible for the payment as long as their income is not above $80,000 and they are not claimed as a dependent.
- If claimed as a dependent, the individual who claimed them will receive the dependent amount of $1,400.
Phase Out Rate
- There is a 28 percent phase out rate for single filers. For every $1,000 over $75,000 AGI, $280 is deducted.
- Phase out rates vary for joint filers:
- There is 28 percent phase out rate for joint filers with no dependents.
- Joint filers with one dependent will have a 42 percent phase out rate.
Learn more at the IRS’ Economic Impact Payment Information Center.