Personal Finance

This is the average coronavirus stimulus payment in your state

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Over 152 million stimulus checks have been issued to individuals over the last six weeks, according to data from the U.S. Treasury Department and Internal Revenue Service.

In all, the agencies have distributed $257.9 billion in Economic Impact Payments. Uncle Sam began depositing the funds into taxpayers’ bank accounts in mid-April.

The average payment came out to $1,809.

“Economic Impact Payments have continued going out at a rapid rate to Americans across the country,” said IRS Commissioner Chuck Rettig. “We also continue to urge those who don’t normally have a filing requirement, including those with little or no income, that they can quickly register for the payments on IRS.gov.”

Treasury and the IRS released a state-by-state breakdown of stimulus payments made through the program so far.

See below for the details on your state and the average stimulus payment.

Residents in California have received the most in terms of total cash paid. The Golden State received $27.8 billion in payments, distributed among 16.8 million individuals.

Texas followed in second: $21.6 billion distributed among 12.4 million people. Florida rounded out the top three, having received $17.5 billion distributed over 10.6 million individuals.

Who gets what     

Individuals are eligible for up to $1,200, while those who are married and file jointly can get up to $2,400.

Households are also eligible for $500 per child under age 17.

The IRS determines what you get based on the adjusted gross income…



Source

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