Millions of adults in the United States will automatically be receiving a payment of up to $1,200 as part of the federal economic relief plan to soften the blow from the coronavirus pandemic. The goal for delivery of the money is sometime in April. Eligibility will be based on reported income from your 2019 tax return if you have already filed, or your 2018 return if you have not filed for 2019. To be eligible, you also must have a Social Security number. The stimulus money will be directly deposited into your bank account if the IRS already has that information from your tax return, otherwise a check will be mailed to you. If you receive your check by mail, a fast way to get it into your account will be to use mobile deposit via your financial institution's mobile banking app. Here are some highlights of the plan: - Individuals with annual adjusted gross incomes of $75,000 or less will receive $1,200. - Married couples will get $2,400 if their income is under $150,000. - Families will also get an extra $500 per child 16 and younger. - The amounts people receive will be reduced on a sliding scale for individuals making up to $99,000 and married couples up to $198,000. - Those who filed as heads of household and earn up to $112,500 a year will get $1,200 and $500 per child. The amount those adults receive will decline on a sliding scale to those earning up to $136,500. - Those receiving Social Security benefits will receive the payments as long as their income does not exceed the limits. If you didn't need to file a tax return, the information from form SSA-1099 will be used to send the money. - In general, the checks will not be taxable, although there could be some exceptions. For more details, visit irs.gov/coronavirus.