The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • QR Code
  • Books
  • Categories
  • Coaching
  • Hire Lynnette
  • Money Coach University™
  • The Money Coach Recommends™
No Result
View All Result
The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • QR Code
No Result
View All Result
The Money Coach
No Result
View All Result

COVID‑19: Video – Are You Eligible for a $1,200 Stimulus Check

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Covid-19, Covid-19 Video
Reading Time: 1 min read
economic stimulus
9
SHARES
144
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

In this video Lynnette explains who is eligible to receive a stimulus check from the federal government under the CARES Act.

The following is a transcription:

Lynnette Khalfani‑Cox:  If you’re wondering whether or not you’re eligible to get one of those government stimulus checks ‑‑ you know, part of the economic relief package passed by Congress in terms of the CARES Act ‑‑ let me break it down to you to explain whether or not you qualify.

First, individuals who are tax filers making up to $75,000 a year will qualify for a $1,200 check. If you have a kid, they’re going to add $500 for that.

Now, what if you’re married? Couples who earn $150,000 or less qualify for a $2,400 so‑called stimulus check. They do pro‑rate it, so if you’re an individual and you make above $75,000, up to a maximum of $99,000, you’ll still get something. It just won’t be as much. It will be a little bit less than that $1,200 figure.

After $99,000, sorry, you’re kind of out of luck. They’re not sending you any money for that. Ditto for couples who make above $198,000. If you make above $150,000 to as much as $198,000, you’ll get something but you won’t get that full $2,400 as a couple.

This is what you need to know in terms of expecting that stimulus check to come in the mail sometime in April 2020 or later.

Read: COVID-19 and Coronavirus Cash: 7 Ways to Get Fast Money and Economic Relief.

Tags: CARES Act
Previous Post

COVID-19 – SBA Economic Injury Disaster Loans and Grants – Video

Next Post

COVID-19 Video: Who is Eligible for the SBA Paycheck Protection Program PPP Loan

Related Posts

CARES 2

CARES ACT 2: New Coronavirus Relief Bill Offers More Stimulus Checks

by Lynnette Khalfani-Cox, The Money Coach

BREAKING: The Senate finally reached a deal on a $900 billion Coronavirus relief bill. Here's a quick snapshot of what it includes and how much money it means for you: - Survival checks / Stimulus Checks: $600 per adult + $600 per dependent, including those in "mixed status" families (i.e....

CARES Act: Student Loan Relief

Get Your Employer to Pay $5,250 of Your Student Loans in 2020: FAQs About the CARES Act

by Lynnette Khalfani-Cox, The Money Coach

I recently posted a student loan tip on social media that went crazy viral! It racked up tons of traditional media coverage, plus many thousands of likes and shares (not to mention comments and questions!) across Twitter, Facebook and Instagram -- far more than any other single post I've shared....

Financial Truths

7 Painful Financial Truths You Need to Accept in the Age of Coronavirus

by Guest Blogger

The COVID-19 outbreak is causing people to make tough choices regarding their finances. Are you in this boat? If so, you likely have to accept some unpopular truths to weather the storm of these uncertain times.  Here are some hard, but necessary financial truths that you need to consider as...

emergency fund

How Much Do I Need in My Emergency Fund During COVID-19

by Lynnette Khalfani-Cox, The Money Coach

According to a Bankrate survey, 23 percent of respondents said their biggest financial regret is not having enough money in their emergency savings to withstand the COVID-19 outbreak. The coronavirus pandemic has impacted the financial standing of many Americans. While jobless claims have fallen since late March, nearly 18 million...

What to Do If You Can No Longer Afford to Pay for College Due to COVID-19

by Lynnette Khalfani-Cox, The Money Coach

If you are struggling to pay for college due to COVID-19, all hope is not lost. There are steps you can take to still pay for college: 

talk to your teens about money

How to Talk to Your Teens About Money During the COVID-19 Pandemic

by Guest Blogger

You need to talk about healthy personal finance habits with your teenagers, especially during this coronavirus pandemic. From preparing for college to managing credit cards and student loans, you want to make sure your teenager is set up for success.  Your guidance can help them avoid some of the money...

bury a loved one

What to Do if You Cannot Afford to Bury a Loved One Due to COVID-19 

by Lynnette Khalfani-Cox, The Money Coach

Currently, the average cost of a funeral is between $7,000 and $10,000. While life insurance can help cover some of the expenses, not every insurance plan includes burial assistance. 

Load More

Popular Posts

  • Car repair

    What to Do If You Can’t Afford a Car Repair Bill

    1369 shares
    Share 548 Tweet 342
  • What to Do if Your Spouse Stole Money From You

    1158 shares
    Share 463 Tweet 290
  • What to Do If You Can’t Afford to Leave Your Spouse

    1096 shares
    Share 438 Tweet 274
  • Here’s Why I Pay My Kids For Good Grades (And Maybe You Should Too)

    998 shares
    Share 399 Tweet 249
  • What Do All Those Strange Codes In My Credit Report Mean?

    808 shares
    Share 323 Tweet 202
  • Do This Now If Your Wages Were Not Reported

    735 shares
    Share 294 Tweet 184
  • How to Find Out if a Debt Collector is Licensed to Collect Your Debt

    713 shares
    Share 285 Tweet 178

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

©2009-2023 TheMoneyCoach.net, LLC. All Rights Reserved.

RSS / Sitemap /Submit an Article / Privacy Policy / LynnetteKhalfaniCox.com

No Result
View All Result
  • Books
  • Categories
  • Contact Lynnette
  • Get Coaching
  • Hire Lynnette
  • Money Coach University™
  • The Money Coach Recommends™
  • Home
  • Subscribe to Newsletter
  • QR Code

©2009-2021 TheMoneyCoach.net, LLC. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist