Representative Tim Ryan has proposed the Emergency Money for the People Act to provide monthly stimulus payments to Americans for 12 months in response to the coronavirus pandemic. This proposal would provide payment to both U.S. citizens and individuals who are not citizens or residents but have been physically present in the U.S. since Jan. 27, 2020.
Individuals would receive $2,000 each month, and married couples filing joint returns would receive $4,000 each month. Each dependent child would receive $500, for up to three children.
Use this calculator to see if you could qualify for the next round of stimulus payments if the Emergency Money for the People Act is passed into law.
Related: Second Stimulus Check Proposals Calculator
Second Stimulus Check Calculator: Emergency Money for the People Act
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Frequently Asked Questions
Is the Emergency Money for the People Act a current law?
No, this is just a proposal. There is talk amongst lawmakers to provide an additional round of stimulus payments to Americans, but those proposals vary. This calculator was created based upon information found in the Emergency Money for the People Act proposal.
How much will each person receive?
It depends on income and filing status. Individuals would receive $2,000 each month, and married couples filing joint returns would receive $4,000 each month. Each dependent child would receive $500, up to three children.
Will everybody receive these payments?
No, although the income threshold amounts for the Emergency Money for the People Act are high compared to other proposals. The adjusted gross income maximum for individuals is $130,000 and for married couples filing jointly $260,000. The payment amount will decrease by 5% for each $1,000 over those amounts.
Will I have to pay taxes on these payments?
No. Previous stimulus payments have not been taxed and it’s unlikely for these to be taxed, too.
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