#Third stimulus check timeline full#

The legislation gives reduced checks to people earning above those income limits, before phasing out completely at an AGI of:

#Third stimulus check timeline full#

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.ДЄmericans with AGIs of $75,000 or less will get the full $1,400 payment. Who qualifies for the third stimulus check?Дirect cash payments are part of a $1.9 trillion economic package called the American Rescue Plan that President Biden signed on March 11.ДЄnyone 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.ДЄ 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:В 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.