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The Third Round of U.S. Stimulus Checks Q&A

Answer
On Feb. 27, the U.S. House of Representatives voted 219-212 to pass the $1.9 trillion American Rescue Plan Act, which would provide additional funding for COVID-19 vaccinations, enhanced unemployment benefits and other programs to mitigate the impact the pandemic has had on the American economy. While the bill still has to be passed by the Senate and signed by the president before it could take effect, important details about how its benefits would work already have been released.

Q:
Who Can Get the Third Round of U.S. Stimulus Checks?
A: The maximum amount for the third round of stimulus checks would be $1,400 for any eligible individual or $2,800 per eligible couple filing taxes jointly. Each eligible dependent, including adult dependents — also would qualify for a payment of $1,400.

Q:
The Check is Based on Which Year’s Tax Return?
A:
The amount will be calculated based on the adjusted gross income on taxpayers’ 2019 or 2020 tax return.

Q:
How Much Will I Get for the Third Round of U.S. Stimulus Checks?
A:
Single adults who reported $75,000 or less in adjusted gross income on their 2019 or 2020 tax return would receive the full $1,400 payments, as would heads of household who reported $112,500 or less. Couples filing jointly who earned $150,000 or less in adjusted gross income would receive the full $2,800. The size of the payment would gradually decrease for those who earned more than those amounts, until it disappeared entirely for higher-income households.

Q:
When Will I Receive the Third Round of U.S. Stimulus Checks?
A:
There are still several steps left before the money could be released, including votes by the Senate and the signature from the president. If the final steps happen fast, the third stimulus payments could begin to go out in late March, based on how fast payments were made in earlier rounds of relief, especially the second round.

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