Who Gets a 3rd Stimulus Check?
Individuals who have an Adjusted Gross Income (AGI) of up to $75,000, heads of household with an AGI of up to $112,500, and married couples with an AGI of up to $150,000 per year qualify for the entire stimulus check amount, which is $1,400 for individuals and $2,800 for heads of household and married couples filing jointly.
The amount your will receive from a 3rd Stimulus Check begins to gradually decrease for individuals and married couples who earn more than $75,000, $112,500, or $150,000 until being phased out entirely at $80,000 for individuals, $120,000 for heads of household, and $1600,000 for married couples filing jointly.
All dependents, including 17 year old's, adult dependent children in college, and any adult dependent who is claimed by a taxpayer would qualify for an additional $1,400 per dependent. There currently is not a limit on the number of dependents a person or married couple can claim. This credit would go directly to the tax filer(s) and not the dependent.
Additionally, the number of mixed-status citizenship households who would qualify for a 3rd stimulus check is greatly expanded. This includes households where one spouse is a citizen and the other isn't; households where one spouse is a lawful permanent resident with a SSN and the other isn't; and households where neither parent is a citizen or lawful permanent resident, but has a child or children who are US citizens.
Who Doesn't Get a 3rd Stimulus Check?
Any individual earning $80,000 or more, head of household earning $120,000 or more, and married couples filing jointly earning $1600,000 or more does not qualify for any amount. Unlike prior stimulus checks, the upper numbers are hard caps and filers with dependents would not be able to claim them even if they don't qualify for the stimulus check themselves.
Undocumented immigrants who don't meet any of the eligibility requirements of a mixed-status citizenship are ineligible to receive a stimulus check.
Incarcerated individuals and expatriates who have not filed taxes for the years between 2018 and 2020 are ineligible to receive a stimulus check, but will be eligible once they update their tax returns.
When Will I Get My 3rd Stimulus Check?
Checks are expected to begin being deposited in bank accounts shortly after Congress passes their bill and the President signs it, with paper checks to follow.
People with direct deposit set up with the IRS will receive their stimulus checks first while people who have not set up direct deposit with the IRS may have to wait for a paper check to be mailed.
If you haven't already, you can sign up for direct deposit using the IRS "Get My Payment" portal.
Other Economic Recovery Benefits