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Historical HEALS Relief Proposal

Reconstruct a simplified July 2020 HEALS proposal with a five-percent income phaseout.

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Calculator inputs

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How to use this calculator

  1. Enter the known values in the units shown. Results update as you type.
  2. Where results are editable, change one to solve backwards. Lock a value to hold it fixed.
  3. Use the worked example to check the method. Reset restores the starting fields.

Use the result with context

Results are estimates for planning and education. Confirm rates, taxes, fees, and legal requirements with the relevant institution or a qualified professional before making a financial decision.

Formula and method

A single filer with two qualifying dependents and 80,000 dollars of income has a 1,950-dollar amount under the historical HEALS proposal scenario.

Base payment is 1,200 single/head or 2,400 married, plus 500 per dependent, reduced by 5% of income above the filing threshold.

Worked example

Enter these known values and leave the other values blank.

How many dependents?
2
Income in 2019 (AGI)
80000 $
You will receive
1950 $

Assumptions and limitations

  • This is the historical July 2020 HEALS proposal scenario; it is not the enacted second-round payment or a current benefit.
  • The selected return year changes which entered income drives the visible result. Identity, residence, tax-return and dependent eligibility requirements are assumed, not verified.
  • These formulas calculate results from entered inputs; a missing input can prevent a result.

Common questions

What does this scenario assume?

This is the historical July 2020 HEALS proposal scenario; it is not the enacted second-round payment or a current benefit.

What does the result leave out?

The selected return year changes which entered income drives the visible result. Identity, residence, tax-return and dependent eligibility requirements are assumed, not verified.

References

Reviewed local arithmetic: Base payment is 1,200 single/head or 2,400 married, plus 500 per dependent, reduced by 5% of income above the filing threshold. Model input requirements: Dependents must be a nonnegative whole count. Entered 2019 income must be nonnegative. Entered 2018 income must be nonnegative.

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