![]() If you used the nonfilers tool because you don't file taxes, the IRS will use that same information to deliver your third payment, either to your bank account or address. In most cases, your payment will be delivered to the bank account (if you received a refund) or mailing address (if you owed money) that's listed on your tax return. If it hasn't been filed or processed yet, the IRS will look at your 2019 return. Most will arrive via direct deposit others will be mailed as a paper check or a prepaid debit card.Įxactly how much money you get and how it's delivered depends on the information provided on your 2020 tax return. However, if you qualify for more money based on your 2020 income or need to claim additional dependents, you will need to file a 2020 tax return so the IRS can top off your payment. It will also send payments to people who don't file taxes, but who either used the IRS nonfilers tool last year to submit information or receive federal benefits such as Social Security retirement or disability and Supplemental Security Income. The Treasury can use 2019 or 2020 tax returns to determine your payment. Do I have to file 2020 taxes to get the third stimulus check? Dependent adults can also include disabled people and retirees. That includes students up to age 19, or age 24 for full-time college students. An additional $1,400 is added to that person's check for each dependent with a Social Security number who is claimed on their tax return.Īccording to the IRS, adults who rely on another person for more than half of their expenses can be claimed as a dependent. They're the person who qualifies (or doesn't) and gets paid. In most cases that's a parent or caregiver. One major difference between this round of checks and the last two is that dependents of any age are eligible to get money.īut to be clear: Eligibility for a stimulus check lies with the person who claims the dependent on their tax return. How will dependents get their stimulus check? To claim a dependent payment, they will need to file a 2020 tax return. Social Security retirement and disability beneficiaries and Supplemental Security Income recipients who don't file taxes are getting payments for themselves. People who aren't required to file income-tax returns also get payments, as long as they used the IRS nonfilers tool last year or have filed a 2020 tax return. The legislation gives reduced checks to people earning above those income limits, before phasing out completely at an AGI of: Head-of-household filers, who are most often single parents, with AGIs of $112,500 or less will get the full $1,400, plus $1,400 per qualifying dependent. This is a break from the past two relief bills, which did not include payments for dependents age 17 and over but did include smaller amounts for children. There's also an additional $1,400 added to the check for each qualifying dependent of any age. Married joint filers will receive double that - $2,800 - if their AGI is $150,000 or less. The amount is based on the adjusted gross income on your 2019 tax return, unless your 2020 return has already been processed.Īmericans with AGIs of $75,000 or less will get the full $1,400 payment. Who qualifies for the third stimulus check?ĭirect cash payments are part of a $1.9 trillion economic package called the American Rescue Plan that President Biden signed on March 11.Īnyone with a Social Security number who meets the income requirements is eligible for a payment. Other names for stimulus checks include Economic Impact Payments and the Recovery Rebate Credit. The money can be used however you want and does not need to be repaid to the government - even if you get too much. You can track your payment using the IRS's " Get My Payment" tool.Ī stimulus check is a non-taxable cash payment sent to qualifying Americans by direct deposit, check, or debit card. April 1 to 15: Checks and debit cards arrive electronic payments arrive for federal benefits recipients.March 15 to 31: Direct deposits continue checks are mailed.March 12 to 15: The first wave of direct deposits hits bank accounts.Here's the expected timeline for delivery of stimulus checks, based on updates from the IRS and previous rounds of payments: A batch of payments issued March 24 included about 15 million paper checks and 5 million prepaid debit cards, which take longer to arrive than bank deposits. By April 1, more than 130 million payments had gone out, the IRS said, mostly by direct deposit.
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