Free CASH Act 2020 Calculator

The CASH Act of 2020—formally named the Caring for Americans with Supplemental Help Act—proposed raising the second round of federal stimulus payments to $2,000 per adult and per dependent. This online tool serves as a **free$2,000 stimulus check estimator**, letting you quickly gauge your potential relief under the CASH Act proposal. It acts both as a second stimulus check calculator and a COVID relief calculator, giving you a personalized estimate based on your 2019 tax information.

Background of the CASH Act 2020

In late December 2020, the U.S. Congress passed the Consolidated Appropriations Act, 2021, which included $600 direct payments under the *COVID-related Tax Relief Act of 2020*. Almost immediately, President Trump publicly pushed to increase that amount to$2,000. The House of Representatives responded by crafting the CASH Act of 2020, which amend the relief check amounts upward. On December 28, 2020, the House approved the bill with a bipartisan vote of 275–134. As of early January 2021, the bill awaited Senate consideration and a presidential signature to become law.

The CASH Act relief check proposal makes two key changes:

• Raises the base payment from $600 to **$2,000 for single filers** and from $1,200 to **$4,000 for married couples filing jointly**.
• Expands dependent eligibility to all dependents of any age (removing the under‑17 restriction from the CARES Act) and gives $2,000 per dependent.

How the Stimulus Payment Estimator Works

This stimulus payment estimator uses a few simple inputs to calculate your estimated receipt. You’ll need:

1. Filing status – single, married filing jointly, or head of household.
2. Adjusted Gross Income (AGI) – found on your 2019 tax return.
3. Number of dependents – note that the CASH Act treats all dependents equally, regardless of age.
4. Special eligibility – if you did not file taxes but receive Social Security, SSI, Railroad Retirement, or VA benefits, you may still qualify.

After entering these details, the tool outputs the amount you would likely receive under the CASH Act framework.

Who Qualifies for the Relief Check?

Eligibility largely mirrors the CARES Act rules. You qualify if you:

• Filed a 2019 tax return and have a Social Security Number (or are a married couple where at least one spouse has an SSN).
• Are a U.S. citizen or permanent resident (nonresident aliens are not eligible).
• Receive Social Security, SSI, Railroad Retirement, or VA benefits—even if you didn’t file a 2019 return, the Treasury can issue advance payments using data from those agencies.

There is no need to apply or submit paperwork. The IRS will use your 2019 return to send the payment—either via direct deposit (if you provided bank details) or a paper check. If the CASH Act passes, payments will be processed automatically for eligible individuals.

Relief Check Amount Calculation

The amount you receive depends on your income, filing status, and dependents. The calculations follow the same phase‑out rule used in the CARES Act: for each dollar of income above the threshold, your benefit is reduced by 5 cents (5%). Because the base payment is larger, the phase‑out range extends further into higher incomes.

Single filers
If your AGI is $75,000 or less**, you get **$2,000. For income above $75,000, the reduction applies:

$$\text{Payment} = \$2{,}000 - 0.05 \times (\text{AGI} - \$75{,}000)$$

The payment reaches zero when AGI hits approximately $115,000.

Married filing jointly
If combined AGI is $150,000 or less**, the couple receives **$4,000. Above that, the same 5% reduction is applied to the combined income. The payment phases out at around $230,000. For couples where only one spouse has an SSN, the base amount is reduced to **$2,000** per the House summary.

Head of household
Single parents or other heads of household get $2,000** if their AGI does **not exceed$112,500. The phase‑out then reduces the benefit, disappearing at around $152,500.

Dependents
An extra **$2,000** is added for **each dependent**, regardless of age. This is a significant increase from the$500 per child under the CARES Act.

Because the phase‑out rate (5%) stays the same while the base amounts are much larger, many households that received nothing from the CARES Act may now qualify for at least a partial payment.

Tax and Repayment

The stimulus payment is technically a refundable tax credit for 2020. This means:

• No income tax is owed on the amount received.
• You do not have to pay it back—even if your 2020 income ends up higher than your 2019 AGI suggests.

Summary of Key Changes from the CARES Act

Feature	CARES Act	CASH Act Proposal
Single payment	$1,200	$2,000
Married payment	$2,400	$4,000
Dependent payment	$500 (under 17)	$2,000 (any age)
Phase‑out rate	5% per dollar above limit	5% per dollar above limit
Dependent age limit	Under 17	All ages

This free $2,000 stimulus calculator is designed to give you a realistic preview of what you might receive if the CASH Act becomes law. Use it as a COVID relief calculator to plan your finances while awaiting the Senate’s decision on the second stimulus check.