CASH Act Second Stimulus Check Calculator
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Determine your second economic impact payment under federal relief legislation. Use this Second Stimulus Check Calculator – CASH Act to estimate your stimulus check payout based on your filing status, Adjusted Gross Income (AGI), and eligible dependent count under enacted laws and legislative proposals.
The Formula for Second Stimulus Check Payment Phaseout
The second stimulus payment under the COVID-19 relief package provided $600 per qualifying individual ($1,200 for joint filers) plus $600 per child dependent, subject to a 5% phaseout reduction above specific AGI thresholds:
Base Payout = ($600 × Qualifying Adults) + ($600 × Eligible Child Dependents)
Excess AGI = Max(0, Adjusted Gross Income - AGI Phaseout Threshold)
Phaseout Reduction = Excess AGI × 0.05
Final Stimulus Check Payment = Max(0, Base Payout - Phaseout Reduction)
CASH Act Amendment Proposal: Increased adult and dependent base amounts from $600 to $2,000 per eligible individual.
Second Stimulus Check Income Eligibility & Phaseout Matrix
Refer to the lookup table below for baseline AGI thresholds and complete phaseout cutoffs under the $600 enacted baseline and $2,000 CASH Act proposal:
| Tax Filing Status | AGI Phaseout Threshold | Base Payment ($600 Law) | Complete Phaseout Cutoff ($600 Law, No Dependents) | Complete Phaseout Cutoff ($2,000 CASH Act) |
|---|---|---|---|---|
| Single Filer | $75,000 | $600 | $87,000 AGI | $115,000 AGI |
| Head of Household | $112,500 | $600 | $124,500 AGI | $152,500 AGI |
| Married Filing Jointly | $150,000 | $1,200 | $174,000 AGI | $230,000 AGI |
Step-by-Step Second Stimulus Check Example
Consider a married couple filing jointly with an AGI of $160,000 and 2 qualifying child dependents under the $600 baseline law:
- Calculate Base Family Payout: ($600 × 2 adults) + ($600 × 2 children) = $2,400 base payment.
- Determine Excess Income Over AGI Threshold: $160,000 AGI – $150,000 joint threshold = $10,000 excess income.
- Calculate 5% Phaseout Reduction: $10,000 × 0.05 = $500 reduction.
- Calculate Final Stimulus Check Payment: $2,400 base payout – $500 reduction = $1,900 net payment.
Frequently Asked Questions
What was the CASH Act proposal regarding stimulus checks?
The CASH Act (Caring for Americans with Supplemental Help Act) was a congressional proposal designed to increase the second economic impact payment from $600 per individual up to $2,000 per eligible individual and dependent.
Who qualified as an eligible dependent under the second stimulus check?
Under the second stimulus package, qualifying child dependents under age 17 added $600 each to the household payment. Adult dependents (college students and seniors) were excluded from the second stimulus check.
Is the second stimulus check taxable income?
No, stimulus checks issued by the IRS are non-taxable federal tax credits. They do not increase your gross taxable income and do not need to be repaid.
What if I did not receive my second stimulus check payment?
If you were eligible but did not receive your payment or received less than the full amount, you could claim the missing amount as a Recovery Rebate Credit on your federal income tax return.