However, if they have two children, they would receive a check for $500. Individual at $109,000 or more, with child: Since the check amount decreases by $5 per $100 over, once an individual makes $109,000, they will not receive a check for one child. If she had two children, her check would be $950. Since she made $1,000 over the maximum, the check for her child will be $50 less. She would not be eligible for a stimulus check, but she has one child. Since she made $15,000 over the maximum, she will receive $750 less. She will get a check in the amount of $450. In this scenario, Alex will receive a stimulus check for $2,200. In addition to the $1,200, he will receive $500 for each child. Individual under $75,000 with children: Now let’s say Alex has two children under the age of 17, whom he claimed as dependents on his 2019 taxes. Alex will get a stimulus check for $1,200. The $100 is taken from the combined total of all children, not each individual child.ĭid you get all that? Here are a few examples of how much individuals and couples will receive based on their incomes and whether or not they have children: The amount for that check decreases by $5 per $100 earned over the limits listed above. Individuals, heads of household and married couples can earn up to $500 per child under 17 and claimed as a dependent on their most recent taxes.Individuals who made over $99,000, heads of households who made over $136,500 and married couples who made over $198,000 will not receive a stimulus check.For every $100 earned over those limits, the check amount decreases by $5.Married couples who earned $150,000 or less on their most recent taxes will receive the full $2,400.Heads of household who earned $112,500 or less on their most recent taxes will receive the full $1,200. Individuals who earned $75,000 or less on their most recent taxes will receive the full $1,200.Parents will receive an additional $500 per child listed as a dependent on their most recent tax return.Notice that when we list how much money you can get, we say “up to.” That’s because the payments are based on your Adjusted Gross Income (AGI) on your most recent taxes and scale down when it’s over a certain amount.Here’s how it works: Individuals will receive up to $1,200, while married couples will receive up to $2,400. YOU ARE FREE TO SHOP AROUND TO DETERMINE WHETHER YOU ARE RECEIVING THE BEST SERVICES AND/OR THE BEST RATE FOR THOSE SERVICES.īy clicking continue, I/we have read this disclosure form and understand Rocket Homes is referring me/us to the above described settlement service provider(s) and may receive a financial or other benefit as the result of the referral. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. WHILE WE ENCOURAGE YOU TO USE ROCKET MORTGAGE AND AMROCK, YOU ARE NOT REQUIRED TO DO SO AS A PART OF YOUR REAL ESTATE TRANSACTION WITH ROCKET HOMES. There may be additional charges depending on the loan product or title services you select. PROVIDERĪmrock Title Insurance Company and/or Amrock These charges are customary and are provided so that you may compare them to other service provider charges. BECAUSE OF THIS RELATIONSHIP, THIS REFERRAL MAY PROVIDE ROCKET HOMES AND/OR ROCK HOLDINGS, INC., WITH A FINANCIAL OR OTHER BENEFIT.įollowing is the estimated range of charges by Rocket Mortgage and Amrock for the settlement services they provide. PLEASE NOTE THAT ROCKET HOMES HAS A BUSINESS RELATIONSHIP WITH ROCKET MORTGAGE AND AMROCK IN THAT ALL COMPANIES ARE WHOLLY OWNED SUBSIDIARIES OF ROCK HOLDINGS, INC. We are pleased to recommend that you arrange financing through Rocket Mortgage ® and title work through Amrock. It may be necessary for you to obtain a mortgage or title work for the sale or purchase of your home. Rocket Homes Real Estate LLC ("Rocket Homes") AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE
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