Third stimulus check qualification: Who gets get1,400 (and who doesn't)

Third stimulus check qualification: Who gets get1,400 (and who doesn't)

The third stimulus eligibility framework determines who is (or is not) eligible for $1,400 in relief. The amount will depend on the status of the application and the number of dependents.

Now that the third stimulus check has been signed by President Biden, combined with the $600 check sent late last year, the upcoming checks will provide a total of $2,000 to eligible Americans.

But how do you know if you qualify for the third stimulus package? One can use the Third Economic Stimulus Check Calculator tool to find out how much you are eligible to receive based on your income, application status, and dependents for whom you are applying.

You can also check the details of your eligibility for the Third Economic Stimulus Package as outlined in the latest bailout. According to the bill, single taxpayers with incomes up to $75,000 (based on their most recent tax return) are eligible to receive the full $1,400. Joint filers with combined income up to $150,000 would be eligible for $2,800.

An earlier draft of the bill would have also provided pro-rated stimulus checks to single filers up to $100,000 and joint filers up to $200,000. However, according to the Washington Post, the checks will now be discontinued at $80,000 of individual income and $160,000 of marital income.

The new income limits were a concession to get the Senate to pass the $1.9 trillion bailout bill.

Unlike previous stimulus packages, the new payments expanded eligibility for dependents. This means that more people qualify for the payments than before. These individuals also qualify for larger checks.

Dependents are eligible to receive the full amount of the third stimulus check, $1,400. To qualify, dependents must be under the age of 17 or a college student. Dependents can also be seniors relying on children or other legal guardians. Children with certain disabilities, regardless of age, are also eligible.

If you believe your first or second stimulus check is still missing, claim the rebate on your 2020 tax return, using the Recovery Rebate Credit on line 30 of your 2020 Form 1040 or Form 1040-SR. Use the Recovery Rebate Credit on line 30 of Form 1040 or Form 1040-SR for 2020. For more guidance, you may also call the IRS phone number for the stimulus package.

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