The overall requirements for the second stimulus check are similar to the requirements for the first round of emergency financial assistance. However, a few of the fund amounts have changed. Read on to learn who meets the requirements for this free government money for individuals (and who does not).
In order to be eligible for the full stimulus check of $600, you must have a 2019 reported income of no more than $75,000 if you filed as a single person. If you filed a joint return, your 2019 reported income cannot exceed $150,000 in order to receive the full amount. Families and individuals who have incomes that are higher than these amounts may still meet eligibility for the stimulus check, but they will not be able to receive the full amount. Those who still need help paying bills will need to look at other avenues.
According to the law passed by Congress and signed by the president in December 2020, the stimulus check amount you are eligible for will drop $5 for every $100 of income over $75,000.
This means that someone who reported $75,100 in 2019 would be eligible for $595 in free government money for individuals instead of the full amount.
If you have dependent children, you may be eligible to receive $600 per child on top of your own one-time payment.
This is a bit higher than the amount given during the first round of stimulus checks.
Not everyone meets the requirements for the stimulus check, even if their incomes technically fall under the cutoff.
For example, adult dependents are not eligible for the check. Neither is any individual who does not have a Social Security Number (SSN). If you have an SSN but your spouse does not, you may still be eligible for the stimulus check.