April 16, 2020 Most U.S. citizens, permanent residents or qualifying resident aliens will likely receive the Economic Impact Payment if they are not claimed as a dependent of another taxpayer and have a Social Security number. Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an Economic Impact Payment. Here's how much the payments will be and to whom: Eligible individuals will receive up to $1,200. Eligible married couples will receive up to $2,400. Eligible individuals will receive up to $500 for each qualifying child. People who receive Social Security, SSDI, SSI or railroad retirement benefits, and who aren't claimed as a dependent on someone else's return or required to file a tax return, are eligible for a $1,200 payment. No further action is necessary for these recipients who automatically will receive their payments the same way they currently receive their Social Security and Railroad Retirement benefits. Visit the Coronavirus Tax Relief page of IRS.gov for details on income limits that apply.
