![]() ![]() If the IRS doesn’t have your information on file, it’ll snail-mail you a paper check or prepaid debit card. Judging from previous EIPs, direct deposits could drop within a matter of days, so keep an eye on your bank account. They come about a year after the CARES Act first approved $1,200 payments to help people through the pandemic last spring.Īs far as the timeline for the third stimulus check, White House Press Secretary Jen Psaki said Monday that Treasury Secretary Janet Yellen is "focused like a laser" on making sure the aid "gets out as quickly as possible." ![]() These $1,400 payments, combined with the $600 checks distributed in January, are meant to reach the $2,000 sum promised by the Biden administration. This is a departure from the previous stimulus payments, which left out dependents age 17 and over. Over those income thresholds, the amount decreases, zeroing out at $80,000 ($160,000 for couples).Īmericans who qualify will also receive $1,400 per dependent, a category that includes not only children but also college students and adult dependents. Single filers who earn $75,000 or less and couples earning $150,000 or less qualify for the full payments. The checks are tied to adjusted gross income, which is your income after deductions like retirement plan contributions. ![]() The IRS will calculate the stimulus amounts based off of people's 2019 - or, if they've already filed, their 2020 - tax returns. The package provides for a third round of stimulus checks, formally called Economic Impact Payments, in the amount of $1,400 per person (or $2,800 per married couple filing jointly). Hawaii Alaska Florida South Carolina Georgia Alabama North Carolina Tennessee RI Rhode Island CT Connecticut MA Massachusetts Maine NH New Hampshire VT Vermont New York NJ New Jersey DE Delaware MD Maryland West Virginia Ohio Michigan Arizona Nevada Utah Colorado New Mexico South Dakota Iowa Indiana Illinois Minnesota Wisconsin Missouri Louisiana Virginia DC Washington DC Idaho California North Dakota Washington Oregon Montana Wyoming Nebraska Kansas Oklahoma Pennsylvania Kentucky Mississippi Arkansas Texas View Rates You could get a third stimulus check ![]()
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