Coronavirus (COVID-19) Stimulus Calculator

^{UPDATED ON: December 28, 2020}

The much-anticipated emergency COVID-19 economic relief package was signed into law on December 27, 2020, after leaders of both parties in the U.S. Congress, along with the White House, reached an agreement on several pro-taxpayer provisions of the omnibus package.

^{UPDATED ON: December 23, 2020}

As the federal government manages its on-going and rapidly evolving response to the coronavirus epidemic, a variety of solutions including an additional $300 unemployment per week, an extension to March 12, 2021 for self-employed taxpayers to collect unemployment, and extension implementing paid leave for some workers and tax credits for small businesses, and an additional $900 billion stimulus plan to continue to bolster the U.S. economy has been passed as part of the 2021 budget. As a part of the recently passed COVID-Related Tax Relief Act of 2020 (COVIDTRA 2020), qualifying taxpayers should receive a second stimulus check in the near future.

^{UPDATED ON: December 23, 2020}

In late December 2020, Congress passed the Omnibus Spending Bill which included the COVID Tax Reform Act of 2020 (COVIDTRA 2020). It’s an extension to the CARES Act  designed to provide additional help to protect businesses and individuals from the economic effects of the Coronavirus.