Stimulus Payment Calculation:
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The second stimulus check was part of the COVID-19 relief package passed in December 2020. Social Security recipients were eligible for a base payment of $600, with additional amounts based on filing status, income, and dependents.
The calculator uses the following formula:
Where:
Details: To qualify, individuals must have a valid Social Security number and meet income requirements. Payments phase out for incomes above $75,000 (single) or $150,000 (married filing jointly).
Tips: Enter your filing status, adjusted gross income from your tax return, number of dependents, and whether you receive Social Security benefits.
Q1: Who qualifies for the $600 payment?
A: Social Security recipients (retirement, disability, SSI) who meet income requirements.
Q2: Are dependents eligible for payments?
A: Yes, each qualifying child dependent adds $600 to the payment.
Q3: What if I didn't file taxes?
A: Social Security recipients automatically received payments based on their benefit records.
Q4: When were payments sent?
A: Most payments were issued in January 2021.
Q5: Can I still claim my payment?
A: If you didn't receive it, you may claim it as a Recovery Rebate Credit on your 2020 tax return.