Who is Qualified to Get the Coronavirus Stimulus Check？

On the 25th, the Senate passed a $ 2 trillion stimulus bailout agreement, which includes sending coronavirus stimulus checks directly to individuals. What are the requirements to get this money?
The White House epidemic briefing on the evening of the 25th, Treasury Secretary Steven Mnuchin announced the emergency economic rescue policy for coronavirus, saying that eligible Americans will be in the next 3 weeks Received $ 1200 in cheque payments or financial aid for direct deposits.

It is reported that under this plan, single Americans will receive $ 1,200, married couples will receive $ 2,400, and parents will receive $ 500 for each child under the age of 17.

However, for individuals with an adjusted total income of more than 75,000 yuan, the amount received will gradually decrease, while individuals with an income of more than $ 99,000 are completely ineligible. The total income threshold for couples without children is $ 198,000. In addition, the annual income of the head of the family exceeds 112,000 US dollars, or the tax return of the husband and wife exceeds 150,000 US dollars, and the amount of assistance also decreases.

It is worth mentioning that people must also have a valid social security number in order to receive bailout funds. According to the bill, certain people are explicitly excluded from the scope of assistance. These include "non-resident aliens" in the United States.

According to the interpretation of the Internal Revenue Service (IRS), if you have neither obtained a green card (permanent resident status) and have not stayed in the United States long enough (31 days in the current year and a total of 183 days in the current and previous two years) It will be regarded as a "non-resident alien". In addition, international students, visiting scholars, and temporary athletes from the United States are generally regarded as "non-resident foreigners."

The legislation also requires payment “as soon as possible”. Similar to tax refunds, eligible people can receive funds through electronic payment methods if they are authorized in advance; otherwise, assistance payments will be sent by postal mail.

According to Tax Policy Center estimates, approximately 90% of Americans are eligible for full or partial assistance.

CNN stated that the stipulated qualified income level will be based on the 2019 federal tax return; if it has not yet been filed, it will be based on the 2018 tax return. Mnuchin postponed the 2019 tax filing deadline to July 15 earlier this month.

Howard Gleckman, a senior researcher at the Center for Revenue Policy, said there are some provisions in the bill, including those whose income is not sufficient to file a declaration, but some may miss it.

Blackman said that according to the bill being negotiated, low- and middle-income Americans will receive more than two-thirds of benefits. Earlier versions of the bill provided low-income families with little or no assistance.
The IRS has previously issued an economic stimulus plan. Erica York, an economist at the Tax Foundation, said: "Of course, from the past, it takes a long time to put policies into effect.