2020 ECONOMIC IMPACT PAYMENT

Everything to help you
get your economic
impact payment as
soon
as possible

More than 80% of taxpayers will receive an economic impact payment check this year. Let’s see
how much you can expect if you qualify, and what’s needed to get
your payment
.

2020 Economic Impact Payment Calculator


What do I need to do to get my economic impact payment?

If you’ve already filed your taxes this year, sit tight—there’s nothing you need to do.


  • If you haven’t filed
    your taxes yet this year

    You can file your federal and state taxes for free with the IRS Free File Program delivered by TurboTax if your adjusted gross income (AGI) is less than $36,000 (or $69,000 for active duty military), or if you qualify for the Earned Income Tax Credit (EIC). Don’t qualify? Return to IRS.gov to see other
    Free File Offers.

    I qualify. Get started.


  • If you don’t need to file
    your taxes this year

    If you’re not required to file taxes and don’t
    receive Social Security benefits, use the
    TurboTax Free File Economic Impact
    Payment Registration to give the IRS your
    up-to-date mailing address and direct
    deposit banking info so you get your
    payment as soon
    as possible.

    Register now

Economic impact payment FAQs

Here are some helpful answers for you

You’re only required to file a tax return if you made over a certain income in 2019 and did not file a return in 2018. For single taxpayers under 65, the cutoff is $12,200, and for married couples filing jointly, it’s $24,400. It’s higher for people 65 and older, as well as those who qualify as head of household. See here for full details. Social Security beneficiaries who usually do not need to file a tax return, still will not need to file a tax return.

Otherwise, if your income was under the cutoff for your situation, you don’t need to file a full tax return this year. However, you still qualify for an economic impact payment—use the TurboTax Free File Economic Impact Payment Registration to ensure the IRS has your most up-to-date info.

Tax filers with an adjusted gross income (AGI) up to $75,000 for individuals, $112,500 for heads of household and up to $150,000 for married couples filing joint returns will receive $1,200 per individual, plus $500 per qualifying child. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible. A Social Security number is required to receive an economic impact payment. If you’ve been claimed as a dependent on someone else’s 2019 tax return, you aren’t eligible to receive a payment.

The IRS will calculate and automatically send the economic impact payment to those eligible, with no action required for most people. For people who have already filed their 2019 tax returns, the IRS will use this information to calculate and distribute the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate and distribute the payment.

The IRS urges anyone who has not filed a tax return for 2018 or 2019 but is required to do so to file as soon as they can and to elect to receive their refund via direct deposit, in order to receive an economic impact payment as quickly as possible. Those who will not receive a refund are still encouraged to file their 2019 tax return to provide the most up-to-date information to the IRS, but this is not necessary if you filed a 2018 return.

If you qualify for an economic impact payment and are not required to file a tax return, and do not receive Social Security income, you can e-file your IRS registration for free with the TurboTax Free File Economic Impact Payment Registration to receive your payment.

If you’ve been claimed as a dependent on someone else’s 2019 tax return, you aren’t eligible to receive an economic impact payment.

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