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A new coronavirus relief package totaling some $1.9 trillion and including a third round of stimulus payments has become law. Here's a rundown of how to track your stimulus check, much money you might soon get in a third stimulus check, how that IRS payment will arrive and when.
We're updating this page as new information becomes available.
The U.S. Treasury will disburse up to $1,400 per adult and $1,400 per qualifying tax dependent. A qualifying married couple with two kids could get up to $5,600, for example.
The IRS began sending out the third round of stimulus payments in March 2021. Each week they've continued to send out payments to eligible individuals as they process more tax returns. If you haven't received a payment, it doesn't necessarily mean you won't.
You can track your stimulus check on the IRS website:
Your stimulus check is different than your tax refund. You can .
Not everyone. Here's the income criteria:
No matter , the stimulus payment includes up to $1,400 for every qualifying tax dependent you might have.
You can (also referred to as an Economic Impact Payment).
The IRS began distributing stimulus payments in March 2021, and continues to distribute them as they process more tax returns. If you are eligible but don’t receive your check, you can claim your stimulus check when you file your taxes for the 2021 tax year in 2022.
Here's the rundown of the forms of payment. Keep in mind, the form of payment this time around might differ from the form of payment for your first stimulus check.
The IRS will use the account data in its system to make direct deposits. If you filed your taxes for 2020 and paid or received a federal tax refund with your bank account, that's where the stimulus check would go.
If you received the first two stimulus payments but didn't receive them as direct deposit, you may get a paper check or a new debit card in the mail. The IRS will not reload debit cards you may have received for prior stimulus check payments.
Here's what the debit card and mailing envelope look like, so you don't accidentally throw out your money with the junk mail.
You don't have to file a tax return to get a stimulus check, but the payment might not be for the correct amount if you don’t. If you haven't filed a tax return, the IRS will use other information it or other federal agencies may have on file to figure out what to send you.
The IRS will automatically send payments to people who didn't file a return but receive Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI) or Veterans Affairs benefits.
If your 2020 tax return shows you “made too much” to qualify for this third stimulus check, you may not get a payment now even if you lost your job or income in 2021. However, because these IRS payments are technically an advance on a 2021 tax credit, if your adjusted gross income in 2021 ends up being under the limit or you have another tax dependent, you might be able to claim the tax credit (or more of the tax credit) when you file your 2021 tax return (the one due in April of 2022).
If you were eligible for the first two stimulus checks (also called economic impact payments) but never received them or didn't receive the full amount, you have another chance to file for a stimulus check by claiming the Recovery Rebate Credit on line 30 of form 1040 on your 2020 tax return (the one ). Page 58 of the instructions for form 1040 has a worksheet to help you calculate how much to claim.
No. It's what's called a refundable .
No, unless you obtained your stimulus check fraudulently.