So its not yet time to celebrate like its payday.

Not sure if youll be eligible to get a payment?

Worried about what itll do to your taxes?

What You Need to Know About Your Federal Government Relief Check [Updated]

Lets answer some of your most common questions about your much-anticipated coronavirus relief checks.

Wheres my check?

The checks are nowhere near your mailbox yet, so be patient.

The president needs to sign the relief bill into law before the IRS can start processing payments.

Itll probably take about a month after the bill gets signed, according toestimates.

Itll likely be at least May before you get your payment.

But it could takewell into the summerfor your check to arrive.

If you filed jointly and your AGI is under $150,000, youll get $2,400.

If you filed as head of household and had an AGI under $112,500, youll get $1,200.

For every dependent age 16 or younger in your household, youll get $500.

If you have adult dependents or students in college, you wont get a payment for them.

you could use a relief check calculatorlike this oneto find out how much.

I moved since I filed my last tax return.

How will I get my money?

Itll also contain contact information for the IRS if you havent received your payment.

Of course, if you moved, you might not get that letter.

The IRS is likely to post more information for people who need to update their address with the IRS.

Checkthis IRS linkfor more information as it becomes available.

What if I didnt file a tax return?

The IRS will calculate your payment based on your latest tax return (either 2018 or 2019).

If you didnt file, you wont get any money.

What if Im on Social Security?

What if I dont work due to a disability?

If you receive government benefits like Social Security, those records will be used to issue your payment.

Will I get any money?

You wont get any money right now.

So far assistance in this scenario is filing for unemployment with the enhanced benefits, Savage said.

Will I need to pay this money back?

But if your income increases in 2020, youwont end up owing the money back.

I havent filed my 2019 taxes yet.

Should I wait until after I get my relief check?

Savage said not to wait, especially if you expect a refund.

The one exception to this rule might be if your income has fluctuated since you last filed.

Will this affect my 2019 tax refund?

What if I already filed my 2019 taxes but my refund is still processing?

This check would be in addition to your 2019 refund, if youre getting one, Savage said.

Will I have to pay taxes on my check?

How will it affect my 2020 tax return?

Your recovery check is not taxable.

Youll report receiving it on your 2020 taxes, but it wont increase your tax liability for the year.

Will they withhold the rebate if I owe taxes?

Youll still get your test whether you owe federal or state back taxes.

My child was born in 2020.

Will I get any money for them?

Youll see a $500 credit for your new dependent on your 2020 tax return.