Stimulus Check Calculator - $40k Income Cap Proposal

Your details

Use the filing status from your most recent tax return. Married filing jointly doubles the base payment and raises both the full-payment floor and the income cap.
Your AGI is on line 11 of Form 1040. Under the proposal, only income at or below $40,000 (single) or $80,000 (married) generates a payment.
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Each qualifying child under 17 adds $500 to your payment - the same per-child amount as the CARES Act first stimulus. Maximum 3 dependents modeled here.
Estimated stimulus paymentReduced payment
$500

Your estimated payment under the $40k-cap proposal

Base payment$1,200
Dependent bonus$0
Phaseout reduction$700
EligibilityEligible - reduced payment
Base payment$1,200
Dependent bonus$0
Total payment$500

You would receive $500 under the $40k-cap proposal.

  • Your AGI of $30,000 is above the full-payment floor of $16,000, reducing your check by $700.
  • Adding qualifying children under 17 would increase your payment by $500 each (up to 3 children modeled), while also raising the income ceiling before your payment reaches zero.
  • This is a hypothetical estimate - the $40k-cap bill was never enacted. The actual second stimulus ($600 per adult) came from the Consolidated Appropriations Act signed December 27, 2020.

Next stepFor what was actually paid, see our CARES Act, CASH Act, or American Rescue Plan calculators, which cover all three rounds of real stimulus payments.

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