Senate Democrats passed the near-$1.9 trillion Covid-relief package over the weekend, leaving only a House vote and signature from President Biden between Americans and $1,400 relief checks.
There are a number of important changes in the Senate version of the bill, including a reduction in the number of Americans who will be eligible for stimulus payments. To be eligible for the full $1,400, individuals must have an adjusted gross income (AGI) below $75,000. Married couples filing jointly must have an AGI under $150,000 to receive the full $2,800.
The House version of the bill would have seen payments reduced for every $100 an individual earns over $75,000 until losing eligibility if they have an AGI higher than $100,000, while couples lost eligibility at $200,000. Now, individuals earning over $80,000 will receive no stimulus payments, while couples earning more than $160,000 will also leave empty-handed.
The payments are based on either 2019 or 2020 income, depending on when a taxpayer files their 2020 tax return.
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Find out how much your stimulus check could amount to by plugging in your AGI — click here if you need help calculating it — and other information below.