Individual Payments from 3rd Stimulus Package (May Cover Eligible Employees, Independent Contractors, and Firm Owners):

H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, otherwise known as the third coronavirus relief Stimulus Package, was enacted into law on March 27, 2020. According to the CARES Act, the Internal Revenue Service (IRS) will be notifying eligible individuals regarding when and how much coronavirus relief funding they can expect to receive. The individual or household relief will be in the form of either a mailed check or direct deposit.

The total amount of your stimulus relief check will be based on your adjusted gross income (AGI) from your 2019 federal tax filing (or your 2018 filing if you have not yet filed this year). Your AGI can be found on line 8b on your 2019 1040 federal tax form or line 7 of your 2018 1040 federal tax form.
The amount of the stimulus payment you receive will depend on your total income in either 2019 or 2018. If you qualify, you will automatically receive one payment by mail or direct deposit—you do not need to apply, only ensure that your taxes are filed this year or were filed last year. You will qualify for a stimulus payment if:

  • You are a single US resident and have an AGI less than $99,000; or
  • You file as the head of a household and earn under $146,500; or
  • You file jointly without children and earn less than $198,000.

The Washington Post calculator can help determine your estimated payment.


**Please note that the information provided includes condensed summarizations, descriptions, or opinions about recently enacted statutes. The information is not intended, nor should it be construed, to be legal advice. Members with needs or questions concerning the specific issues mentioned should seek the guidance of competent counsel or should contact the appropriate federal agency.