CNBC Make It
The $2 trillion stimulus bill in response to the COVID-19 pandemic was passed by the House on Friday and signed by President Donald Trump.
The plan includes a one-time direct payment to Americans, which Treasury Secretary Steven Mnuchin said should arrive within three weeks. Individuals will receive up to $1,200, married couples will get up to $2,400 and $500 will be added for every child.
There are income restrictions: If you earn more than $75,000 as an individual or $150,000 as a couple, the total amount you’re eligible to receive starts to decrease. If you earn $99,000 or more as an individual or $198,000 as a couple, you aren’t eligible to receive a stimulus check.
To help you figure out how much money you’ll likely receive, Grow, a personal finance website published by CNBC and Acorns, created a calculator that factors in your filing status, annual income and the number of kids you have.
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