Well, that depends on how much money you made last year (if you’ve already filed your 2020 return) or the year before (if you haven’t yet filed). The thresholds for direct payments from the ARP have lower cutoffs than with previous bills, so some families who received a check in the last round will see either no check or a reduced amount.

Individuals earning up to $75,000 and couples earning up to $150,000 would receive the full direct payments of $1,400 per person. Individuals will also receive an additional $1,400 payment for each dependent claimed on their tax returns. For individuals making between $75,000 and $80,000 (and couples making between $150,000 and $160,000), a partial payment will go out. Individuals earning above $80,000 (or couples earning above $160,000) will not receive a direct payment at all.

That $1,400 includes any dependents as well. For example, a family of four whose parents make $80,000 and file jointly, can expect to receive $5,600 in direct payment from the ARP.

Due to an expanded Child Tax Credit included in the plan, that same family with children ages 8 and 5 will receive $2,600 more in tax credits than they did previously. The new Child Tax Credit is $3,000 for children ages 6–17 and $3,600 for children under 6. Right now, the plan is to issue a portion of the credit over the course of a year in the form of direct payments up to $300 per child per month. Congress has not yet decided how to execute this portion of the bill, however, and more information will be available soon. The payments would not start until mid-summer. The credit is, again, dependent on income. Couples with an income less than $150,000 a year (or $75,000 per year for an individual with a child) are eligible for the full credit amount.