Stimulus calculator: How much money should you expect from coronavirus relief bill

ByGrace Manthey and John Kelly KTRK logo

Tuesday, March 31, 2020

Stimulus checks calculator: How much to expect under rescue bill

Using the guidelines spelled out in the bill passed this week, we're providing a calculator to help you figure out the amount that you're likely to receive.

The vast majority of Americans are set to get direct payments from the federal government as early as next month under a $2.2 trillion economic rescue package passed by the U.S. House today in response to the coronavirus pandemic.

The stimulus bill provides money and other relief to companies and workers hit hardest by the sudden economic trouble that has followed the outbreak. Among them: direct payments of $1,200 to individual taxpayers, with $500 for additional children, following a complex formula that reduces payments for those earning higher incomes.

Using the guidelines spelled out in the bill, we're providing a calculator to help you figure out the amount that you're likely to receive.

Click here to launch the calculator in a new window.

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Employment attorney Angela Reddock-Wright answered questions about workers' options if they lose their jobs or have their hours dramatically reduced during the coronavirus crisis.

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