Cash Act 2020 Calculator
Calculate your eligibility and payment amount for the proposed $2,000 COVID-19 relief payments
Cash Act 2020 Stimulus Calculator
Basic Eligibility
Income and Dependents
Find this on line 7 of your 2019 Form 1040
Unlike CARES Act, all dependents qualify regardless of age
Stimulus Payment Results
Payment Details
Base payment: $2,000 (single)
Dependent payment: $0 × $2,000 = $0
Payment phases out completely at: $115,000
Comparison with Previous Relief Acts
Example Calculation
Family of Four Example
Filing Status: Married Filing Jointly
2019 AGI: $120,000
Number of Dependents: 2 children
Income Limit: $150,000
Calculation Steps
1. Base payment (married): $4,000
2. Dependent payments: 2 × $2,000 = $4,000
3. Total before phase-out: $8,000
4. Income below limit: No reduction
5. Final payment: $8,000
Cash Act 2020 Key Changes
Increased Payments
$2,000 per adult (up from $600)
$4,000 for married couples
All Dependents
$2,000 per dependent of any age
No age limit (unlike CARES Act)
Same Phase-out Rules
5% reduction above income limits
Higher phase-out threshold due to larger base amount
Income Limits
Note: Payments reduce by $5 for every $100 of income above these limits
Important Notes
Payments are based on 2019 tax returns
No need to apply - automatic if eligible
Not taxable income - no repayment required
Direct deposit or mailed check
This calculator is based on the proposed Cash Act 2020
Understanding the Cash Act 2020
What is the Cash Act 2020?
The Caring for Americans with Supplemental Help (CASH) Act of 2020 was a proposed amendment to increase the second round of COVID-19 stimulus payments from $600 to $2,000 per eligible adult and dependent.
Key Provisions
- •$2,000 payment for single taxpayers
- •$4,000 payment for married couples
- •$2,000 for each dependent of any age
- •Same income limits and phase-out rules as previous acts
Eligibility Requirements
Must Have:
- • Valid Social Security Number
- • US residency status
- • Filed 2019 tax return OR receive qualifying benefits
- • Income within phase-out limits
Phase-out Calculation
Payment reduces by $5 for every $100 of income above the limit:
Reduction = (AGI - Income Limit) ÷ 100 × $5