We're here to help you get your stimulus check.
This guide is designed to answer all your questions about the coronavirus economic impact payments.
What is a stimulus check and will I get one?
Stimulus checks (also called economic impact payments) are payments issued by the federal government under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help people struggling from the financial impact COVID-19 (2019 novel coronavirus).
You’ll get a stimulus check if you meet these four requirements:
- You have a Social Security number.
- You are a U.S. citizen or U.S. resident alien.
- You have adjusted gross income up to $99,000 as a single tax filer or up to $198,000 as a married couple.
- You’re not being claimed as a dependent on someone else’s tax return.
If you were not required to file taxes, you’re still eligible to receive money if you fit the above criteria. Non-filers can enter payment info here.
How much money will I get?
If your adjusted gross income was up to $75,000 ($150,000 for married couples) on your 2019 tax return (or 2018 tax return if you haven’t filed for 2019) and were not claimed as a dependent by someone else, you’ll be eligible for $1,200. If you made above $75,000 up to $99,000 on your most recently reported income year, you’ll receive a reduced payment.
Families with children 16 or under will receive an additional $500 for each child who qualifies.
If you’re not sure how much you’re eligible for, use this calculator to determine how much you could receive.
How will I get my stimulus check and when will it arrive?
The government will send you the payments via direct deposit or check based on the method you chose in your 2018 or 2019 tax filing. Please see the Internal Revenue Service (IRS) website for more information.
Direct Deposit
Most people will receive their payment via an ACH direct deposit to the bank account where they receive their SSI, SSA, or other payments, such as a tax refund from the IRS. If you’re all set up and still haven’t received your payment, you can check the status of your money here.
Paper check
If you didn’t connect your bank account to your tax return with the IRS, you’ll receive a paper check.As of April 13, eligible people have already started receiving direct deposit payments. Checks will take much longer. If you haven’t already filed your 2019 tax return, Varo recommends linking your bank account for direct deposit to receive your payment faster than a paper check.
FAQ
How do I update my direct deposit information with the IRS?
What if I already filed my 2019 taxes and owe money?
Can I get a stimulus check even if I haven’t filed taxes recently?
Is the stimulus payment considered taxable income?
Are college students eligible for a stimulus payment?
Can I receive a stimulus payment if I’m on Disability/Social Security?
How can I get my stimulus payment fast with Varo?
We can tell you the second it hits your account with push notifications. Turn them on in your Varo app: tap Settings, tap Manage Notifications, then set the slider to on.
