If that's the case, the IRS will send a third stimulus check based on whatever information, if any, is available to it. Question: What if I don't file a 2019 or 2020 tax return?Īnswer: Some people don't file a tax return because their income doesn't reach the filing requirement threshold. The website is available in English and Spanish.įinally, since the stimulus payments are automatic for most eligible people, don't bother calling your bank or the IRS to ask about the timing of your payment - that won't make it come any sooner! You can check and track the status of your third payment by using the IRS's "Get My Payment" tool. (But just because you received a debit card for an earlier stimulus payment doesn't mean you'll automatically get one for the third payment.) If you already have a prepaid debit card from the IRS (e.g., for a first- or second-round stimulus check), you'll get a new card if the IRS decides to send your third stimulus payment to you in that form. Otherwise, you'll get a paper check in the mail. Debit Card account, or other Treasury-sponsored account. The IRS can also make a third stimulus payment to a Direct Express debit card account, a U.S. That's because the IRS will be able to directly deposit the payment into your bank account. If the IRS already has your bank account information - either from a recent tax payment that you made, a tax refund it sent you, or some other source - then expect to get your third stimulus check faster. 8 Reasons Why Your Third Stimulus Check Could Be Delayed or Denied.Because of this, the amount of your third stimulus check could depending on when you file your 2020 tax return. You won't get any payment at all if your AGI is above $80,000 (singles), $120,000 (head-of-household), or $160,000 (joint filers).Īlso note that the IRS, which is issuing the payments, will look at either your 2019 or 2020 tax return for your filing status, AGI, and information about your dependents. If you claim the head-of-household filing status on your tax return, your payment will be reduced if your AGI tops $112,500. If you're married and file a joint tax return, the amount of your stimulus check will drop if your AGI exceeds $150,000. Your check will be gradually reduced to zero if you're single with an adjusted gross income (AGI) above $75,000. Stimulus payment amounts will be phased-out for people at certain income levels. So, for example, a married couple with two children can get up to $5,600. If you have dependents, you get an additional $1,400 for of them. If you're married and file a joint tax return, then both you and your spouse will get $1,400 (for a total of $2,800). To calculate the amount of your check, Uncle Sam will start with that $1,400 figure. Your check could actually be much higher or lower. You probably heard that your third stimulus check will be for $1,400 - but it's not that simple. Half may come as a direct deposit and the other half will be mailed to the address the IRS has on file. Each spouse should check the IRS's "Get My Payment" tool separately using their own Social Security number to see the status of their payments.Īnswer: Everyone wants to know how much money they will get. If a joint tax return is filed, a married couple could get two separate third stimulus payments. Some married couples could also get two payments. So, for example, if you received a $700 third stimulus check based on the information found on your 2019 return, filed your 2020 tax return later, and your third stimulus check would have been for $800 if it was based on information from your 2020 return, then the IRS will send you a second payment for the $100 difference. The IRS is calling these "plus-up" payments, and they'll only be sent if your regular stimulus check would have been higher if it was based on your 2020 tax return (instead of on your 2019 return or some other information obtained by the tax agency). However, some people will receive a supplemental payment if their 2020 tax return is filed and/or processed after the IRS sends them their regular third stimulus check. This is not a "recurring" payment situation. Question: How many third-round stimulus checks will I get?Īnswer: As with the first two round of checks, the legislation authorizing the third round of payments only calls for one payment.
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