The American Rescue Plan Act, signed into law by President Biden in March 2021, authorized a third round of federal stimulus checks, with maximum values of $1,400 for each eligible individual and $2,800 for couples, plus an additional maximum of $1,400 for each dependent. All third-round stimulus checks were distributed by the IRS by the end of 2021, but those who qualified but did not receive a check the previous year can still receive stimulus funds by filing their 2021 tax returns now and claiming the recovery rebate credit. (And some Americans will also get a state “stimulus check” this year. ).
But not all recipients of a third stimulus check—or those who will receive one through the recovery rebate credit—received the entire amount. Similar to the first and second rounds of funding, those whose income exceeded a specific threshold were not eligible for the full amount of the third round of stimulus checks, or it was reduced.
Answer the three questions in the calculator below to determine the appropriate size of your third stimulus payment, and we’ll provide you with a personalized estimate.
Yo, tax peeps!
Ever wonder who gets that sweet sweet third stimulus check in 2021? Well, wonder no more my friend. I’m here to break it down for you like a boss.
So, who’s in the club?
- Single filers: If you’re rollin’ solo and your adjusted gross income (AGI) is $75,000 or less, you’re golden. You get the full $1,400 stimulus check.
- Heads of household: Got a crew of dependents? As long as your AGI is $112,500 or less, you’re good to go for the full $1,400 stimulus check.
- Married couples filing jointly: If you and your boo are filing jointly and your AGI is $150,000 or less, you’re both eligible for the full $1,400 stimulus check.
But wait, there’s more!
- Even if your AGI is a bit higher, you might still be eligible for a partial stimulus check. For single filers, the amount starts to phase out at $80,000 and is completely phased out at $87,000. For heads of household, the phaseout begins at $124,500 and ends at $136,500. For married couples filing jointly, the phaseout starts at $174,000 and ends at $198,000.
Now, let’s talk about the dependents
- Any dependent, regardless of age, who has a Social Security number (SSN) or Adoption Taxpayer Identification Number (ATIN) qualifies for the full $1,400 stimulus check.
- This is a change from the first and second stimulus checks, which only allowed child dependents under 17 to qualify for the additional payment.
But what if you don’t have an SSN?
- No worries, fam! Even if you or your spouse don’t have an SSN, you can still qualify for the stimulus check if your dependents have SSNs or ATINs.
- This is another change from the first and second stimulus checks, which required at least one spouse to have an SSN.
And what about those incarcerated peeps?
- Don’t worry, they’re not left out! If you’re incarcerated, you’re still eligible for the first, second, and third stimulus checks as long as you meet the other eligibility requirements.
So, what about those pesky debts?
- Good news! None of the three stimulus checks can be reduced to pay off federal or state debts, back taxes, or past-due child support payments.
And finally, are the stimulus checks taxable?
- Nope! The stimulus checks don’t count as income, so you don’t have to pay taxes on them. You also won’t have to pay anything back.
That’s all there is to it regarding who will receive the third stimulus check in 2021. Now go out there and claim your money, my friend!.
P. S. If you still aren’t sure if you qualify, you can always call or visit the IRS website. They’re always happy to help!.
P.P.S. Don’t forget to share this information with your friends and family! The more people who know about the stimulus checks, the better.
Peace out!
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Although the income levels at which third stimulus checks started to phase out (i. e. , be decreased) were the same as the sums utilized for the initial two stimulus payments, but the phase-out happened at a different pace. As a result, even if you were paid in one or both of the first two rounds, you might not have received a third stimulus check.
Third Stimulus Checks: When and How Will You Get $1,400?
FAQ
Who qualifies for 3rd stimulus check?
How do I know if I received a 3rd stimulus check in 2021?
Is the IRS no longer issuing third economic impact payments?
When did the 3rd stimulus checks go out?