The following is a quote from anons:
v1 (rejected): https://www.republicanleader.senate.gov/imo/media/doc/CARES%20Act%20Final%20-%20Mar%202020.pdf
v2 (rejected): https://www.politico.com/f/?id=00000171-0319-d8a3-a3f5-73bfe5b20000
v3 (Senate Passed. House vote Friday): https://www.politico.com/f/?id=00000171-1429-d270-a773-777f92a00000
>How much? (based on v3)
$1200 per adult, $500 per child.
Amount will decrease for persons earning over 75k in adjusted gross income.
(based on v2)
>How will I be paid? (based on v3)
It will automatically be calculated from your 2019 (or 2018) filing.
Direct deposit info from a 2018 or 2019 refund will be used, otherwise a physical check.
The IRS will send a letter confirming the payment.
>How do I qualify? (based on v3)
1. Have a Social Security Number. (or Adoption tax ID) AND
2. You are not claimed as a dependent. AND
3. File your federal income tax. Your payment will be based on your 2019 filing, if there isn't one your 2018 filing will be used. (Look below for more)
>Can I still file for 2019?
Even if you are not required to file, you may need to file to qualify for the program. You can file with little or even 0 income.
Some e-file programs may not allow you to submit 0 income forms, please report which have/not worked for you. If necessary you can submit by mail.
>>Do I qualify 3. expanded
The IRS can only pull the info for calculation and payment from one of 4 forms.
2019 federal income tax filing
2018 federal income tax filing
If you have more than one of those forms, the top-most one will be used for the process.
If you do not have any of those forms, then you will not be processed. You can still file for 2019.