Has yourbeen calculated correctly or will you need to claim more money later this year? The responsibility to double-check your payment amount unfortunately falls on you. That’s because there’s no way to know how much money the until your payment actually arrives and not even the will tell you. Whether you already got a third payment or you’re one of the , it’s critical you know how much money to expect.
That way, if your, if you don’t receive it or if you that you , you’ll be able to take action. Otherwise, on hundreds, if not thousands, of . That goes for every group, from and to .
Complicating the situation beyond even theis an . That means the IRS might instead of your , owing you more money that you’ll need to claim later on — for example, if you , supported another or made less money. (Filing for that money could involve another .) We explain the details below. And here’s the deal with a possible , and how to know if you for up to . This story is frequently updated.
How much stimulus money should you get this time? Calculate now
The Senate made a notable change to the third check before the bill was signed into law in March by reducing the upper income limit to receive any check. If youris equal to or more than $80,000 (single taxpayers), $120,000 (head of household) or $160,000 (filing jointly), you won’t be eligible. See below for more details.
Note that this calculator should be used as an estimate only. If you think the check size you receive is in error and doesn’t match your below estimate, it’s possibleat a later time.
Proposed $1,400 stimulus calculator
Use details from your 2019 or 2020 tax return
1. Choose your filing status below.
Below we show who will get the full stimulus amount and when you’ll completely phase out of receiving a payment, using the new guidelines that were officially signed into law. As an individual or couple’s income goes up, the size of the partial payment gets smaller. (and here’s the .)
Stimulus check income limits
|Full $1,400 per person maximum (based on AGI)||Not eligible (based on AGI)|
|Individual taxpayer||Less than $75,000||$80,000 or more|
|Head of household||Less than $112,500||$120,000 or more|
|Married couple filing jointly||Less than $150,000||$160,000 or more|
What if your stimulus check doesn’t match the estimate above?
There are a number of reasons your stimulus check might be— . Maybe you receive SSDI or SSI benefits or other federal benefits, which have not been sent out yet? Or perhaps your payment was ? Checks that are missing altogether using a few different tools and in a few different ways. Read our for solutions to these and other issues.
Three important guidelines to remember about dependents
These new rules for the third stimulus check will affect you if you have dependents.
- Each dependent counts for $1,400.
- . College students, adult children with disabilities and will now count toward $1,400 each.
- Unlike the rules around the first two stimulus checks, you can’t receive any money if you exceed the upper income limit, even if you have dependents.
An extreme example of the last one: a single parent of four who makes $120,000 won’t qualify, where a single parent with four dependents who makes $119,000 will still get some amount of money. The amended bill also includes families with; that is, where at least one family member .
Expandingmakes approximately 13.5 million more adult dependents count toward their household total, according to The People’s Policy Project.
For more, here’s what to know about the , what to from the , and everything we know so far about a potential .