My husband got a stimulus check. Will I get one too?

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Q. My husband and I filed our income taxes as married filing jointly and we have one child. He already received his stimulus payment of $2,900. Will I get one also?
— Wife

A. The $2,900 received by your husband represents the stimulus payments for your entire family.

It’s made up of $1,200 for you, $1,200 for your husband and $500 for your child.

When a couple files taxes jointly, the IRS will send one check to you, or it will make one direct deposit to whatever bank account it has on file for you.

Each single person who earns up to $75,000 gets the full $1,200 benefit, and those who earn up to $99,000 get a partial benefit.

Married couples who earn up to $150,000 get $2,400, and those who earn up to $198,000 get a partial payment.

Then there’s the $500 for each child who is 16 or under.

If someone is claimed as a dependent on a tax return, such as a college student or elderly relative, they will not get a payment.

Families can use this calculator to determine what benefit they should get.

If you and your husband don’t manage your money together or if you both contribute to the household bills, you should have a talk about what that $2,900 payment represents. It’s for both of you.

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This story was originally published on May 27, 2020.

NJMoneyHelp.com presents certain general financial planning principles and advice, but should never be viewed as a substitute for obtaining advice from a personal professional advisor who understands your unique individual circumstances.

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