Q21. How do I determine the amount of my Economic Impact Payment? (updated August 3, 2020) A21. Eligible individuals who file a joint tax return will receive up to $2,400 and all other eligible individuals will receive up to $1,200. Those with qualifying children will receive up to an additional $500 per qualifying child. A qualifying child is a child who meets the conditions outlined on our Qualifying Child Requirements page.Eligible individuals don’t need a minimum income for the Payment. However, for higher income individuals, the Payment amount is reduced by 5% of the amount that their adjusted gross income exceeds:$150,000 for taxpayers filing a joint return$112,500 for taxpayers filing as head of household$75,000 for all othersThe $1,200 Payment for eligible individuals with no qualifying children ($2,400 for married couples filing a joint return) will be reduced to $0 once adjusted gross income reaches the following thresholds:$198,000 for taxpayers filing a joint return$136,500 for taxpayers filing as head of household$99,000 for all othersEach of these adjusted gross income threshold amounts increases by $10,000 for each additional qualifying child.For example, because families with one qualifying child receive an additional $500 Payment, their $1,700 Payment ($2,900 for married couples filing a joint return) will be reduced to $0 once adjusted gross income reaches the following thresholds:$208,000 for taxpayers filing a joint return$146,500 for taxpayers filing as head of household$109,000 for all othersFollow examples in How do I calculate my EIP? (PDF) chart to determine your payment amount. WHO IS A QUALIFYING CHILD ??? You will receive an additional $500 Payment for each qualifying child you claimed on your tax return being used to calculate your Payment. Here's the criteria you should consider:Relationship to the individual who is eligible for the Payment: The child is the son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of any of them (for example, grandchild, niece, or nephew).Child's age: The child was under age 17 at the end of the taxable year and is younger than the individual eligible for the Payment or permanently or totally disabled.Dependent of the individual who is eligible for the Payment: The child is claimed as a dependent on the 2018 or 2019 tax return or entered on the Non-Filers: Enter Payment Info Here tool.Child's citizenship: The child is a U.S. citizen, U.S. national, or U.S. resident alien.Child's Residency: Child must have lived with the individual eligible for the Payment for more than half the tax year.Support for Child: Child must not provide over half of own support for the tax year.Child's taxpayer identification number: The child has a valid Social Security Number or an Adoption Taxpayer Identification Number (ATIN).Visit the Economic Impact Payment Center for more information. Q27. I think the amount of my Economic Impact Payment is incorrect. What can I do? (updated June 10, 2020) A27. Payment amounts vary based on income, filing status and family size. If you filed a 2019 tax return, the IRS used information from it about you, your spouse, your income, filing status and qualifying children to calculate the amount and issue your Payment. If you haven’t filed your 2019 return or it has not been processed yet, the IRS used the information from your 2018 return to calculate the amount and issue your Payment. The IRS is not able to correct or issue additional payments at this time and will provide further details on IRS.gov on the action people may need to take in the future. If you did not receive the full amount to which you believe you are entitled, you will be able to claim the additional amount when you file your 2020 tax return. This is particularly important for individuals who may be entitled to the additional $500 per qualifying child payments. See the question earlier in this section on determining the amount of your Economic Impact Payment. Keep the Notice 1444, Your Economic Impact Payment, you will receive regarding your Economic Stimulus Payment with your records. This notice will be mailed to each recipient’s last known address within a few weeks after the Payment is made. When you file your 2020 tax return next year, you can refer to Notice 1444 and claim additional credits on your 2020 tax return if you are eligible for them. The IRS will provide further details on IRS.gov on the action they may need to take.

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Q21. How do I determine the amount of my Economic Impact Payment? (updated August 3, 2020)

A21. Eligible individuals who file a joint tax return will receive up to $2,400 and all other eligible individuals will receive up to $1,200. Those with qualifying children will receive up to an additional $500 per qualifying child. A qualifying child is a child who meets the conditions outlined on our Qualifying Child Requirements page.
Eligible individuals don’t need a minimum income for the Payment. However, for higher income individuals, the Payment amount is reduced by 5% of the amount that their adjusted gross income exceeds:

$150,000 for taxpayers filing a joint return
$112,500 for taxpayers filing as head of household
$75,000 for all others

The $1,200 Payment for eligible individuals with no qualifying children ($2,400 for married couples filing a joint return) will be reduced to $0 once adjusted gross income reaches the following thresholds:

$198,000 for taxpayers filing a joint return
$136,500 for taxpayers filing as head of household
$99,000 for all others
Each of these adjusted gross income threshold amounts increases by $10,000 for each additional qualifying child.
For example, because families with one qualifying child receive an additional $500 Payment, their $1,700 Payment ($2,900 for married couples filing a joint return) will be reduced to $0 once adjusted gross income reaches the following thresholds:

$208,000 for taxpayers filing a joint return
$146,500 for taxpayers filing as head of household
$109,000 for all others

Follow examples in How do I calculate my EIP? (PDF) chart to determine your payment amount.

WHO IS A QUALIFYING CHILD ???

You will receive an additional $500 Payment for each qualifying child you claimed on your tax return being used to calculate your Payment. Here's the criteria you should consider:

Relationship to the individual who is eligible for the Payment: The child is the son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of any of them (for example, grandchild, niece, or nephew).

Child's age: The child was under age 17 at the end of the taxable year and is younger than the individual eligible for the Payment or permanently or totally disabled.

Dependent of the individual who is eligible for the Payment: The child is claimed as a dependent on the 2018 or 2019 tax return or entered on the Non-Filers: Enter Payment Info Here tool.

Child's citizenship: The child is a U.S. citizen, U.S. national, or U.S. resident alien.

Child's Residency: Child must have lived with the individual eligible for the Payment for more than half the tax year.

Support for Child: Child must not provide over half of own support for the tax year.

Child's taxpayer identification number: The child has a valid Social Security Number or an Adoption Taxpayer Identification Number (ATIN).

Visit the Economic Impact Payment Center for more information.

Q27. I think the amount of my Economic Impact Payment is incorrect. What can I do? (updated June 10, 2020)

A27. Payment amounts vary based on income, filing status and family size. If you filed a 2019 tax return, the IRS used information from it about you, your spouse, your income, filing status and qualifying children to calculate the amount and issue your Payment. If you haven’t filed your 2019 return or it has not been processed yet, the IRS used the information from your 2018 return to calculate the amount and issue your Payment. The IRS is not able to correct or issue additional payments at this time and will provide further details on IRS.gov on the action people may need to take in the future.

If you did not receive the full amount to which you believe you are entitled, you will be able to claim the additional amount when you file your 2020 tax return. This is particularly important for individuals who may be entitled to the additional $500 per qualifying child payments. See the question earlier in this section on determining the amount of your Economic Impact Payment.

Keep the Notice 1444, Your Economic Impact Payment, you will receive regarding your Economic Stimulus Payment with your records. This notice will be mailed to each recipient’s last known address within a few weeks after the Payment is made. When you file your 2020 tax return next year, you can refer to Notice 1444 and claim additional credits on your 2020 tax return if you are eligible for them. The IRS will provide further details on IRS.gov on the action they may need to take.