Stimulus Checks

Federal relief includes several elements aimed at helping keep people engaged in the economy. That means direct cash for many individuals and families.


An important part of the CARES Act stimulus package is one-time payments to eligible individuals. The payment, which the IRS is calling an “economic impact payment,” and many people are calling a “stimulus check” is expected to begin processing on April 15 and subsequently on Wednesdays thereafter.

The best resource for information is the IRS website, irs.gov, click the section called ‘Economic Impact Payment’.

Who is eligible?

To receive a check, you must have filed a tax return in 2018 or 2019 and meet the income requirements based on your return.

    • Most individuals earning less than $75,000 or up to $150,000 for married couples filing joint returns will receive check. (NOTE: For tax filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds.)
    • Eligible taxpayers who filed tax returns for either 2019 or 2018 can expect a one-time cash payment of $1,200 for individuals of $2,400 for married couples.
    • Families would get $500 per qualifying child.
    • That means a family of four earning less than $150,000 can expect $3,400. The checks start to phase down after that and will not be issued for people making more than $99,000 and couples making more than $198,000. The cash payments are based on either your 2018 or 2019 tax filings.
    • Social Security recipients and railroad retirees who are otherwise not required to file a tax return are also eligible and will not be required to file a return. Their checks will be based on information provided by the Social Security Administration.

Stimulus Funds Worksheet

To help you plan how best to use your stimulus funds, we’ve put together a worksheet with expenses for you to consider. Use this to help make the money work best for you and your family! Download the worksheet.

When and how will individuals receive stimulus checks?

The majority of people do not need to take any action.

    • For those who have direct deposit on file with the IRS from their 2018/2019 tax return, we are receiving payments from the IRS every Wednesday beginning April 15 until all payments are processed electronically.
    • If you receive Social Security, Railroad Retirement, or SSDI benefits, you do not need to take any action and will receive your payment directly into the same account as your Social Security.
    • If a direct deposit is not on record with the IRS, Social Security, Railroad Retirement, or SSDI benefits, a check will be mailed to the address listed on a person’s tax filing over the next few months.

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