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How to Calculate How Much Money You’re About to Get From the U.S. Government

As part of the bill Congress passed this week, many Americans will receive a direct payment from the American government. But just how much will each family get? According to The Los Angeles Times, Americans who make below $75,000 a year will get $1,200, plus $500 for each child under 17. But where it gets tricky is for those who make more than $75,000: The check amount is reduced by $5 for each $100 in income over $75,000. (But no matter how much you earn, you still get the $500 per child.)

Another concern? The amount is calculated based on a person’s 2018 tax return (or 2019, if available). If someone would be eligible now, but wasn’t eligible in 2018, the IRS has said they will credit the tax return this year. All U.S. residents are eligible as long as they have a Social Security number and meet the income requirements. The government plans to start paying Americans in as soon as three weeks.


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