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The House of Representatives proposed and passed the HEROES Act in May to provide an additional one-time stimulus payment to Americans in response to the coronavirus pandemic. The act awaits a Senate vote and would require a signature from the president to be passed into law.
The $3 trillion HEROES Act proposal would follow the stimulus payment amount and income thresholds passed in the CARES Act, but it provides additional money for dependents, for up to three dependents.
Use this calculator to see if you could qualify for the next round of stimulus payments under the HEROES Act.
Calculate Your Potential Stimulus Payment (Based on the Heroes Act)
Calculate Your Stimulus Payment (The Heroes Act)
Have you filed your 2019 tax return?
What was your filing status in your 2019 tax return?
What was your income in 2019?
How many children did you claim as dependents in 2019?
* Calculations are based on details released in the HEROES Act (H.R. 6800)
Related:
Second Stimulus Check Calculator: $40K Income Cap Proposal
Frequently Asked Questions
Is the HEROES Act a current law?
No, this is just a proposal that has passed the House but not the Senate. There is talk amongst lawmakers to provide an additional round of stimulus payments to Americans, but those proposals vary. This calculator was created based upon information found in the HEROES Act proposal as approved by the House in May.
How much will each person receive?
It depends on income and filing status. Individuals who qualify would receive $1,200, and married couples who file joint returns who qualify would receive $2,400, with phaseouts above certain income thresholds (as described below). An additional $1,200 would be provided for each dependent child, up to three children.
Will everybody receive these payments?
No. The adjusted gross income (AGI) limitations are $75,000 for individuals, $150,000 for married couples filing jointly, and $112,500 for heads of household. Payments are phased out over these thresholds.
Will I have to pay taxes on these payments?
Previous stimulus payments have not been taxed, and it’s unlikely these will be taxed, too.
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