What If I Don’t Receive A Third Stimulus Check
Those who don’t file tax returns, including those who earn little income and recent college graduates, may have to wait until they file a tax return in April 2022 to get their stimulus rebate if they didn’t file a tax return for 2020 taxes or submit “non-filer” information to the IRS last year. Married couples with incomes below $24,400 and individuals with incomes under $12,200 fall into this category.
The IRS is still updating its Get My Payment tool with new payment information. Once it’s loaded with up-to-date information, individuals can check when their stimulus payment went out. If you have any issue with getting your second or third payment, see our article on what to do if you haven’t received your stimulus check.
Filing a tax return for 2020. If you don’t receive government benefits, and you didn’t file a tax return for 2019 or 2020 taxes or submit “non-filer” information to the IRS by November 21, 2020, you may not automatically get a third stimulus check. You might need to wait to file a tax return for the 2021 tax year and request a “Recovery Rebate Credit.” You will fill in the amount you are owed on line 30 of IRS Form 1040 .
Who Is Eligible To Receive A Stimulus Payment
Generally, U.S. citizens and green card holders are eligible for the stimulus payments. Also, the new law expands who is eligible for a stimulus payment.
In the first round of payments, joint returns of couples where only one member of the couple had a Social Security number were not eligible for a payment unless they were a member of the military. These families are now eligible to receive a stimulus payment, including the additional payment for their dependent children. The new law also made this expansion retroactive to the first round of stimulus payments. If your family did not receive the first stimulus payment because only one spouse had an SSN you can claim the Recovery Rebate Credit when you file your 2020 federal income tax return.
$600 Second Stimulus Check Income Limits
| AGI to receive full amount | Second stimulus check upper income limit | First stimulus check upper income limit |
|---|---|---|
| Single tax filer | ||
| $174,000 | $198,000 |
Here’s our guide for a refresher on all the stimulus check qualifications. Remember, any dependent child under age 17 counts for an additional $600. Also, if you don’t qualify for a second stimulus check based on 2019 data but you would qualify based on your 2020 financial situation, you will not receive a second check this year. However, you can get that amount as a .
If you qualify based on 2019 tax information but will be over the limit in 2020, you should have received a second check and do not need to repay it. Here are situations where you do need to return money to the IRS.
Learn smart gadget and internet tips and tricks with our entertaining and ingenious how-tos.
Some people may not qualify for a second stimulus check, even if they received a payment in the first round. If you are over the income limit, a nonresident alien or a dependent 17 years of age or older, you won’t qualify for a check. The People’s Policy Project think tank estimates 13.5 million adult dependents will be excluded under the requirements, including 7.3 million students, a qualification that may change in the third check. More than 13 million people in mixed-status families were also excluded.
Read Also: Can I Get A Stimulus Check
Has Any Paid Family And Sick Leave Been Extended
Partially, but mostly for self-employed people.
Self-employed workers can continue to claim a tax credit created under a prior relief law for a certain amount of sick days or time taken off to care for children or family members . The bill doesnt add any days, but lets those workers take any unused time through March. They can also now choose to use their 2019 income instead of 2020 to compute the credit, if that works to their advantage.
There is less for other workers. Under the earlier law, small and midsize employers were required to temporarily provide paid sick and family leave to workers, up to certain limits and for specific coronavirus-related reasons, through the end of the year. The latest bill doesnt extend that mandate, but allows an eligible employer to be fully reimbursed for the costs of unused leave through March, in the form of a refundable payroll tax credit.
It essentially returns workers to the position they were in prior to the pandemic with respect to access to legally required leave, said Vicki Shabo, senior fellow on paid leave strategy at New America, but offsets costs for employers with fewer than 500 employees who choose to continue to follow the policy.
Will People Receive A Paper Check Or A Debit Card
For those who dont receive a direct deposit by early January, they should watch their mail for either a paper check or a debit card. To speed delivery of the payments to reach as many people as soon as possible, the Bureau of the Fiscal Service, part of the Treasury Department, will be sending a limited number of payments out by debit card. Please note that the form of payment for the second mailed EIP may be different than for the first mailed EIP. Some people who received a paper check last time might receive a debit card this time, and some people who received a debit card last time may receive a paper check.
IRS and Treasury urge eligible people who dont receive a direct deposit to watch their mail carefully during this period for a check or an Economic Impact Payment card, which is sponsored by the Treasury Departments Bureau of the Fiscal Service and is issued by Treasurys financial agent, MetaBank®, N.A. The Economic Impact Payment Card will be sent in a white envelope that prominently displays the U.S. Department of the Treasury seal. It has the Visa name on the front of the Card and the issuing bank, MetaBank®, N.A. on the back of the card. Information included with the card will explain that this is your Economic Impact Payment. More information about these cards is available at EIPcard.com.
Recommended Reading: When Will 3rd Stimulus Checks Be Sent Out
Use Our Calculator To Find Out The Amount Of Your Third Coronavirus Stimulus Payment
By Bethany K. Laurence, Attorney
Congress passed a third stimulus payment package last week, and some direct deposits started to go out over the weekend of March 13-14. The new checks are for up to $1,400 per person and $1,400 per dependent . Those who file joint returns will get up to $2,800. The calculator below will display the amount you can expect to get, depending on your income and whether you have dependents. Because of lower income phaseouts, single people making more than $80,000 in adjusted gross income and married people more than $160,000 in AGI will not receive a check this time.
Some examples: A family of four earning $140,000 will receive a second stimulus check for $5,600. A single mother who makes $78,000 per year and has one child and will receive $1,120. A 70-year-old retiree whose only income is Social Security will receive $1,400.
In January of this year, the U.S. Treasury sent out about 158 million second stimulus checks , but fewer households are expected to receive a third stimulus check because of the lower income phaseouts .
What If I Didn’t File Taxes In 2019
Even if you didn’t file taxes in 2019, you may be eligible under certain categories. The bill summary states:
“Treasury may issue advance payments for Social Security Old-Age, Survivors, and Disability Insurance beneficiaries, Supplemental Security Income recipients, Railroad Retirement Board beneficiaries, and Veterans Administration beneficiaries who did not file 2019 returns based on information provided by the Social Security Administration, the Railroad Retirement Board, and the Veterans Administration.”
Don’t Miss: Track My Golden State Stimulus
Who Is Eligible For The Stimulus Where Do You Sign Up
All working Americans or those on Social Security will be considered, similar to how they were considered in the CARES Act. Admittedly, not everyone will get financial support, since the amount given depends heavily onyour yearly income.
The actual proposal states that if your status is a “nonresident alien” , you would not be eligible for the stimulus check. The bill summary explains that even if you did not file 2019 taxes, you may still be eligible:
“Treasury may issue advance payments for Social Security Old-Age, Survivors, and Disability Insurance beneficiaries, Supplemental Security Income recipients, Railroad Retirement Board beneficiaries, and Veterans Administration beneficiaries who did not file 2019 returns based on information provided by the Social Security Administration, the Railroad Retirement Board, and the Veterans Administration.“
The authorities will get all the information they need to send the money from your tax return. That means that you don’t need to fill out any documents or stand in a long queue. Once calculated, the sum will be transferred to you using the information provided in your tax return. If there is no information for a direct transfer, they will mail you a coronavirus stimulus check. As you might have expected, that option is bound to take longer.
Calculate Your Stimulus Payment
Use details from your 2018 or 2019 tax return, whichever is most recent.
1. Choose your filing status below.
2. What was your adjusted gross income ?
3. How many qualified dependents did you claim in your taxes?
Note: If you aren’t able to view the calculator, please . If on a mobile device, allow the calculator to load into a new browser tab.
You May Like: Is There More Stimulus Checks Coming
Who Will Be Eligible For A $1400 Stimulus Check
As of right now, its unclear. Biden has indicated that he would be open to negotiating the income thresholdslikely making them lower to target individuals who need them the most and to reel in the overall price tag of his proposed $1.9 trillion stimulus proposal. If the income thresholds change, individuals who qualified previously but no longer do may be able to take advantage of other forms of economic relief, such as the extended eviction moratorium and extended student loan forbearance period.
Read more: Who will count as a dependent for the $1,400 stimulus checks?
Second Stimulus Check Calculator
Update December 21, 2020 3:16 PM PST – The calculator now reflects the contents of the Consolidated Appropriations Act, 2021, which is a proposal published December 21, 2020 and has a key section called “COVID-related Tax Relief Act of 2020”
Update December 22, 2020 7:12 AM PST – The bill proposal was voted on late last night in two parts and overwhelmingly passed with bipartisan support. The second vote, which included the section on coronavirus stimulus and relief, was passed 359-53.
Update December 23, 2020 – President Trump has called for an increase of the stimulus payment from $600 to $2000. Whether the bill will be amended is to be seen in coming days.
Update December 28, 2020 – President Trump has signed the $600 stimulus bill yesterday. Today the House of Representatives passed a measure to increase the stimulus checks to $2000 per individual and per dependent. We will wait to see if and when the Senate considers and votes on the new measure.
After months of back-and-forth and with the end of 2020 drawing near, US congressional leaders have finally reached an agreement on a new $900 billion stimulus bill on late Sunday afternoon, December 20, 2020, with the vote passing Monday evening. The new bill is a much-needed piece of good news as this week, ending December 26, 2020, is the last one covered by the CARES Act’s extended unemployment programs. Over 150 million Americans who benefited from the CARES Act are now waiting their second stimulus check.
Don’t Miss: Do You Have To File 2020 Taxes To Get Stimulus
Ways To Find The Amount Of Your First And Your Second Stimulus Checks
Hint: If you lost the letter on your payment the IRS sent you, you have options. We’ll tell you what you need to know.
How much stimulus money did I get again?
The first and second stimulus payments still haven’t arrived for some folks. If this is the case for you, you can claim a Recovery Rebate Credit when you file your 2020 tax return — oh, and don’t worry, the IRS extended the filing deadline. Taxes are now due on May 17, so you — and the IRS — have a bit more time.
If you want to check the amount of your first and second payments — for a jog to your memory, your records or for taxes — you can no longer view it in the Get My Payment tool. But we can help. Here are two ways to find out the amounts of your first two stimulus checks.
If You Don’t Usually File Taxes How To Estimate Your Stimulus Money
With the first checks, the IRS automatically sent stimulus checks to many who normally aren’t required to file a tax return — including older adults, Social Security and SSDI and SSI recipients and railroad retirees. Some who didn’t file taxes may be eligible for a payment but haven’t yet claimed it.
If this is the case for you, enter your best guess where it asks for your adjusted gross income.
Recommended Reading: Latest Update On Stimulus Check
How Much Was Each Stimulus Check
Each stimulus check ranged from $600 to $1,400 per adult and $500 to $1,400 per child.
Stimulus check eligibility: In order to receive the full amount of the payments, your adjusted gross income cannot be more than:
- $150,000 for a joint return,
- $112,500 for head of household
- $75,000 for single and other eligible individuals
How Much Will I Get
The IRS is sending $600 to each eligible adult and child not the $2,000 that had been pushed by President Donald Trump.
Senate Majority Leader Mitch McConnell on Tuesday blocked an attempt to vote on the $2,000 stimulus checks approved by the House, but resurrected the higher payments in a new bill that includes other items on Mr. Trump’s wish list, including the repeal of Section 230, which shields social media companies from lawsuits.
While it’s unlikely the stimulus checks will get bumped up to $2,000, the Treasury Department said it would be able to handle that possibility. “If additional legislation is enacted to provide for an increased amount, Economic Impact Payments that have been issued will be topped up as quickly as possible,” according to a Treasury statement on December 29.
The second round of payments directs $600 for single people who earn up to $75,000 and $1,200 to married couples who earn up to $150,000.
The amount then declines for people earning above those thresholds, and completely phases out for single people who earn over $87,000 and married couples with earnings over $174,000. Children under 17 years old will receive $600 each. Children who are 17 are ineligible, as are adult dependents, such as college students and some disabled people claimed as dependents on their relatives’ tax returns.
More people are eligible for the second round of stimulus checks than in the first, the IRS added.
Recommended Reading: What Is The Latest On The Third Stimulus Check
My Payment Is Pending/has Not Arrived What Do I Do
Use the IRS Get My Payment online tool to check the status of your stimulus payment.
If you see a direct deposit date and partial account information, then your payment is deposited in the account indicated.
If Get My Payment shows a date your payment was mailed, the check is on its way it may take up to 3 or 4 weeks for your stimulus to arrive.
Is There A Deadline To Get My Second Stimulus Check
All second stimulus checks were issued by January 15, 2021. If you didnt get a second stimulus check by then , you can claim your second stimulus check as the Recovery Rebate Tax Credit on your 2020 tax return or use GetCTC.org if you dont have a filing requirement.
If youre required to file taxes:
The deadline to file your 2020 tax return was May 17, 2021. The tax filing extension deadline is October 15, 2021. Many tax filing software programs close after this date. If you can find an online tax filing program that is still accepting 2020 tax returns, you can file a tax return to get your stimulus checks even though the deadline has passed.
If you dont owe taxes, there is no penalty for filing late. If you owe taxes, you may be subject to penalties and fines for not filing or not paying taxes. The government may reduce your tax refund to pay for any taxes you owe and other federal and state debts.
To learn more about your options if you think you owe taxes, read Filing Past Due Tax Returns and What to Do if I Owe Taxes but Cant Pay Them.
If youre not required to file taxes:
The deadline to use GetCTC.org is November 15, 2021. You can get the Recovery Rebate Credit using GetCTC.org, a simplified tax filing portal for non-filers. GetCTC is an IRS-approved service created by Code for America in partnership with the White House and U.S. Department of Treasury. You can use the portal even if youre not signing up for the Child Tax Credit advance payments.
Also Check: Where Is Stimulus Money Going