Before you start making it rain in your quarantine headquarters, here are 9 things you need to know:
1.Single American will receive $1,200.
2Married couples will receive $2,400.
3.Parents will receive $500 per child (under the age of 17).
4.Payments will phase out for individuals with an adjusted gross income of more than $75,000. Your payment will decrease $5 for every additional $100 in income.
5.Individuals with an adjusted gross income of more than $99,000 will not qualify at all.
6.Payments will phase out for couples with an adjusted gross income of more than $150,000.
7.Couples with an adjusted gross income of more than $198,000 will not qualify at all.
8.Qualifying income levels will be based on 2019 federal tax returns. If you have not filed yet, it will be based on your 2018 federal tax returns.
9.Payments could begin as early as April 6 through May.
