The eligibility requirements for the second stimulus payment are the same as the first round of payments issued earlier in 2020. According to the IRS, a taxpayer is eligible "if you were a U.S. citizen or U.S. resident alien in 2020, are not a dependent of another taxpayer for tax year 2020, and have a social security number valid for employment that is issued before the due date of your 2020 tax return (including extensions)."

Taxpayers will receive a reduced payment if their AGI is between:

• $75,000 and $99,000 if their filing status was single or married filing separately
• $112,500 and $136,500 for head of household
• $150,000 and $198,000 if their filing status was married filing jointly

If you qualify and filed a tax return in 2019 (or if you have received Social Security or Railroad Retirement benefits) you will automatically receive the second payment.

You do not qualify if:

• You are claimed as a dependent on another's tax return.
• You don't have a social security number
• You are a nonresident alien

You will not receive a payment for anyone claimed as an "Other dependent".

To avoid fraud, the IRS is requiring you to file a 2020 tax return.

The IRS will use the most recently updated taxpayer income, dependent(s) information, and bank account information on file. For most, that will be from the 2019 tax return. If you updated bank account information associated with Social Security or Veteran's benefits, or via Stimulus Registration in 2020, that account information will be used. Bottom line - the most recent bank account information the IRS has on file will be used for direct deposit when possible.

This round, there will not be an online portal set up to allow you to change bank information.

For more information regarding direct deposits, including what happens if stimulus money is sent to the wrong account, see IRS Statement — Update on Economic Impact Payments

No. You can still claim the child as a dependent but, similar to the Child Tax Credit, the $600 amount is only for dependents under age 17.

Nothing. You will automatically receive your stimulus payment.

If you have no dependents, nothing. You will automatically receive your stimulus payment. If you do have a dependent(s), file a 2020 tax return.

Use the following calculator to determine your amount:

1. Start by determining your maximum credit
   • $600 for each taxpayer (Single/HOH = $600, Joint = $1,200)
   • Add $600 for each qualifying child
2. Determine if the credit will be phased out
   • Single – Phase out starts at $75,000
   • Joint – Phase out starts at $150,000
   • HOH – Phase out starts at $112,500
   • Is your AGI over this amount?
     • No – your stimulus payment is the credit calculated in Step 1. Stop here.
     • Yes – go to Step 3
3. Subtract the amount in Step 2 from your AGI
4. Multiply Step 3 by 5%
5. Subtract Step 4 from Step 1. This amount is your stimulus payment.

Yes. The IRS will not reduce your payment to cover any back taxes owed.

Yes. Since you filed a return, you will automatically receive a payment if you qualify.

Child support payments and most other wage garnishments will not affect your stimulus payment.

Yes, but you will likely receive that payment via check or prepaid debit card.

No. You still need to pay your tax bill separately.

The IRS will deposit the funds into your bank account if they have the correct information on file. You can use the IRS Get My Payment tool to track the status of your payment. Note: The IRS site is updated only once per day, typically overnight, so there is no need to recheck your status until the next day.

For more information regarding direct deposits, including what happens if stimulus money is sent to the wrong account, see IRS Statement — Update on Economic Impact Payments