- The House voted to approve a third stimulus check as part of a massive economic relief bill.
- The checks aren’t final until the Senate votes and the president signs the legislation.
- A person earning under $75,000 would get a $1,400 check, including dependents of all ages, under the current proposal.
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A third stimulus check is just around the corner.
On February 27, the House voted to approve a new round of payments as part of the $1.9 trillion American Rescue Plan. The Senate will take up the bill next week and is likely to make changes before the legislation becomes law. Democrats have pledged to enact the legislation before March 14.
Here’s who qualifies for a third stimulus check, worth up to $1,400 per person, under the current proposal.
Who gets the third stimulus check?
Anyone with a Social Security number who meets the income requirements is eligible for a payment — including dependents of any age. 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.
The IRS will use the adjusted gross income on your 2019 tax return, unless your 2020 return is processed by the time payments are sent, to determine how much you receive.
Under the bill approved by the House, here’s who would get the full $1,400, or $2,800 for married couples (remember, the Senate could still make changes before it becomes official):
- Single filers with AGI under $75,000
- Head-of-household filers with AGI under $112,500
- Married filers with AGI under $150,000
Here’s who would get a reduced payment:
- Single filers with AGI between $75,000 and $100,000
- Head-of-household filers with AGI between $112,500 and $150,000
- Married filers with AGI between $150,000 and $200,000
People who aren’t required to file income-tax returns could also get payments. Information collected through the IRS nonfilers tool would be used to send the checks to these recipients. Also, Social Security retirement and disability beneficiaries and Supplemental Security Income recipients who don’t file taxes can get payments.
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