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Do you qualify for the one-time stimulus payment? After a lot of research, these are the best and complete responses I have seen from reputable sources...please share.

Here is my comprehensive Q&A that will help you answer many of the popular questions that have arisen since Friday, March 27, when Congress passed the COVID-19 stimulus bill legislation that was signed into law by President Donald Trump.

Q1: Who is eligible to receive this stimulus?

A1: Anyone with a valid SSN who filed a tax return in 2019 and was not a dependent on someone else’s tax return. Otherwise, the 2018 tax return will be used. For those who get Social Security and did not draw enough to file a return, the information from Form SSA-1099 (Social Security Benefit Statement), or RRB-1099 (Social Security Equivalent Benefit Statement) will be used in lieu of the tax return.

Q2: How much will I receive if I filed single (or married filing separately)?

A2: $1,200 if your AGI (adjusted gross income) was less than or equal to $75,000.

Q3: What if my AGI is more than $75,000, but less than $99,000, filed single (or married filing separately)?

A3: For every $100 you made over $75,000, the stimulus check is decreased by $5. For example, if your AGI is $80,000, you made $5,000 over the $75,000. This means that your stimulus check will be $950, which is $1,200 – $250, and the deduction is calculated by dividing the overage by 100 and multiplying by 5.

Q4: What if my AGI is greater than $99,000, filed single (or married filing separately)?

A4: You will not receive a check.

Q5: How much will I receive if I filed jointly?

A5: $2,400 if your AGI (adjusted gross income) was less than or equal to $150,000.

Q6: What if my AGI is more than $150,000, but less than $198,000, filed jointly?

A6: For every $100 you made over the $150,000, the stimulus check is decreased by $5. For example, if your AGI is $170,000, you made $20,000 over the $150,000. This means that your stimulus check will be $1,400, which is $2,400 – $1,000, and the deduction is calculated by dividing the overage by 100 and multiplying by 5.

Q7: What if my AGI is greater than $198,000, filed jointly?

A7: You will not receive a check.

Q8: How much will I receive if I filed head of household?

A8: $1,200 if your AGI (adjusted gross income) was less than or equal to $112,500.

Q9: What if my AGI is more than $112,500, but less than $136,500, filed head of household?

A9: For every $100 you made over the $112,500, the stimulus check is decreased by $5. For example, if your AGI is $120,000, you made $7,500 over the $112,500. This means that your stimulus check will be $825, which is $1,200 – $375, and the deduction is calculated by dividing the overage by 100 and multiplying by 5.

Q10: What if my AGI is greater than $136,500, filed head of household?

A10: You will not receive a check.

Q11: If I qualify for a stimulus check, how much will I receive for each child age 16 or under that I claimed if I am married or head of household?

A11: $500 per child age 16 or under. There’s no limit, but the definition of “child” must match the same as for the child tax credit.

Q12: I lost my job recently; will I still receive a stimulus check?

A12: Yes, as long as you filed your 2018 or 2019 tax return and meet the income requirements. The 2019 tax return will be used to determine eligibility. If you have not filed for 2019, then the 2018 tax return will be used. If you were not obligated to file a return due to low or no income, there’s a possibility that you may have to file a return, such as the 1040-EZ.

Q13: What if I have not filed my taxes for 2018 or 2019…will I still qualify?

A13: No; you should file at least your 2018 taxes ASAP to be considered, contingent upon your income.

Q14: My AGI income qualifies for a stimulus check in my 2018 tax return, but does not qualify for my 2019 tax return. Can the government use my 2018 tax return for me to receive a check?

A14: No; the 2019 tax return takes precedence over the 2018 tax return. The only way that the 2018 tax return would be considered is if you didn’t file for 2019.

Q15: How will I receive my stimulus check if I qualify? Do I apply for the check?

A15: No, there is no application process. The Treasury Department will use the information you provided in your return to determine how you receive your payment. If you provided the IRS with your bank account information, you’ll receive a direct deposit. Otherwise, you’ll receive a check in the mail.

Q16: Will my stimulus check be taxed?

A16: No, they are not taxable.

Q17: Will I receive a check if I am claimed on someone else’s tax return as a dependent?

A17: No. However, if you are age 16 or under at the end of the tax year, your legal guardian will receive $500 additional in his/her stimulus check for you.

Q18: Are tax returns still due on April 15?

A18: Due to the COVID-19 outbreak, the new date is now July 15.

Q19: When will I receive my stimulus check?

A19: According to the Treasury Secretary, the best-case scenario will be approximately 3 weeks for those who already have direct deposit information with the IRS. Otherwise, a physical check will be mailed. Physical checks will most likely take longer because of preparation and mailing.

Q20: I moved since I filed my last tax return. What do I do?

A20: Immediately update your address by submitting Federal Form 8822 to the Department of the Treasury, Internal Revenue Service. Addresses for where to file are different depending on your state and are on the form.

Q21: What if I owe the IRS some money? Will I still receive a check?

A21: So far, yes. There may be additional guidance from the IRS, but as of now, the Congressional Record states that you will receive a check and it would not be seized as payment on a tax debt.