Why Am I Getting Payment Status Not Available For My Covid
The Get My Payment application will return “Payment Status Not Available” if:
- We havent yet processed your Economic Impact Payment
- We dont have enough information to issue you a payment or
- You arent eligible for a payment.
The IRS will continue to issue the Third Economic Impact Payments throughout 2021. Please check the Get My Payment tool for updates on your payment status.
Can You Get A Recovery Rebate Credit If You Got Your Third Check
In a very specific circumstance, people who receive the third stimulus check may still be able to claim the Recovery Rebate Credit on their taxes. The amount of money each taxpayer received in their Economic Impact Payment was calculated based on the number of dependents in their household on their 2019 taxes. If the household gained a new dependent by the 2020 tax filing season, the taxpayer would be eligible to receive a plus-up payment. This would bring their original check amount in line with what they wouldve been eligible for if their new dependent had been accounted for initially.
For example, a married couple who had a baby in 2020 may have initially received a $2,800 third stimulus check $1,400 for each spouse. They wouldve become eligible for a plus-up payment of $1,400 due to the 2020 birth of their baby. If they didnt receive a plus-up payment by the end of December 2021, they could claim a $1,400 Recovery Rebate Credit on their 2021 taxes.
Many Americans didnt receive third stimulus checks. In some cases, it was because they filed their 2020 taxes late. In other cases, the IRS simply didnt get to them in time. Either way, all eligible taxpayers who havent received third stimulus checks can take action by claiming the 2021 Recovery Rebate Credit on their 2021 taxes.
How Much Is The Third Stimulus Check
This third round of stimulus checks includes a $1,400-per-person direct payment. This amount tops off the $600 payment most eligible folks have already received as part of a previous COVID-19 relief package Congress passed at the end of December 2020 for a total of $2,000 in stimulus payments per person. So how much should your stimulus check be? Find out with our stimulus calculator!
The stimulus payments are one part of Bidens much larger COVID-19 relief plan that also expands the Child Tax Credit, extends unemployment benefits for people who have lost their jobs during the COVID-19 pandemic, increases the Child and Dependent Care Credit, and provides more aid for renters and landlords.4 Yep, its a mouthful. Well take a closer look at what else is included later.
Also Check: What’s In The Stimulus Bill 2021
What If Both My Spouse And I Have Itins And Our Children Have Ssns Can Our Family Get The Third Stimulus Check For Our Children
Yes. For the third stimulus check, any household member that has an SSN qualifies for a payment.
This is different than the first and second stimulus check, where at least one tax filer must have an SSN for the household to claim the stimulus checks. That adult with the SSN and any qualifying children with SSNs will get the stimulus checks.
Third Stimulus Check Dependents: Who Qualifies
Under the American Rescue Plan Act, more dependents will be eligible for stimulus checks than in previous relief legislation. Dependents age 23 or younger and elderly parents living with their adult children all qualify.
If you meet the complete stimulus check income limit requirements and claim a dependent, you’ll receive an additional $1,400. A family of four could get $5,600, for example.
Kate Kozuch is a senior writer at Toms Guide covering wearables, TVs and everything smart-home related. When shes not in cyborg mode, you can find her on an exercise bike or channeling her inner celebrity chef. She and her robot army will rule the world one day, but until then, reach her at .
Don’t Miss: Social Security Stimulus Check Status
Who Is Eligible For The Third Stimulus Check
Theres always fine print. Like the other two stimulus payments, not everyone qualifies. Heres who qualifies for a full payment of $1,400 per person:
- Tax filers who are single: annual gross income up to $75K
- Tax filers who are married and file jointly: AGI up to $150K
- Tax filers who are heads of household: AGI up to $112,500
Stimulus payments are phased out depending on income once you hit the above thresholds. Those in the following brackets are still eligible for partial payments:
- Tax filers who are single: AGI up to $80K
- Tax filers who are married and file jointly: AGI up to $160K
- Tax filers who are heads of household: AGI up to $120K
Tip: Use this calculator to help you estimate the amount of your third stimulus check.
Tip: GetYourRefund.org is a quick way to apply for your tax refund and claim your stimulus check.
Stimulus Aid Could Be The Prelude To Tax Hikes
While President Biden’s $1.9tn coronavirus relief package just about made through the Senate, further legislative plans which he plans to unveil in Pittsburgh this week may be harder to get past lawmakers and will be less popular.
Initial reports suggest that Biden will reveal details of a $3 trillion infrastructure package which will contain funds for roads and bridges, a permanent expansion of the child tax credit, free community college, child care aid and a package of tax increases on wealthy Americans and corporations.
It is expect to meet staunch opposition, with Senate Minority Leader Mitch McConnell arguing that the American Rescue Plan was nothing more than “a Trojan Horse” to appease the electorate before raising taxes.
Don’t Miss: When Will I Get The Third Stimulus Check
I Filed My Taxes In February But I Wasnt In The First Payment Round Whats Up With That
The way the IRS determines who gets their money when is a mystery to everyone but the IRS. Were not sure why some people got their payments right away, why some people have to wait, and why some people arent getting answers through the Get My Payment tool yet.
If you filed your 2020 taxes, one thing to keep in mind is that the IRS may not have processed your return yet. The IRS is still working through a backlog of 2019 tax returns due to the shutdown during the pandemic last year, along with processing 2020 returns.
Who Gets $1400 Payments For The Third Stimulus Check
The eligibility requirements for the third stimulus check has been a contentious issue in recent weeks and President Biden was forced to make amendments to his original American Rescue Plan to ensure the bill passed Congress.
Opposition in the Senate saw the upper income threshold lowered considerably, meaning that up to 12 million Americanswill now miss out on receiving any of the money.
We ran through the eligibility requirements to work out who gets the third stimulus check, and how much of the $1,400 they could be entitled to.
Recommended Reading: How Is The Stimulus Check Distributed
How To Claim Your Missing Third Stimulus Payment On Your 2021 Tax Return
Youll need to request any missing third stimulus payments on your 2021 tax return by claiming the Recovery Rebate Tax Credit.
This is the case if you received a partial amount or didnt previously qualify for the third stimulus payment.
Lets say youre single and your income for the 2020 and 2019 tax years exceeds the threshold . However, you lost your job in 2021, so your income drastically decreased. You can now claim the Recovery Rebate Tax Credit since your earnings fell below the threshold.
Families that added dependents may also be able to claim the credit.
In addition, a few lingering taxpayers who file taxes using ITINs may not have received payments for their eligible dependents who have Social Security numbers.
You need to complete the Recovery Rebate Tax Credit worksheet and submit it along with your 2021 tax return. If you use a tax software program, it should guide you through the process. Keep in mind, the IRS predicted a frustrating and slow tax season this year, so file your return as soon as possible.
Before completing the worksheet, you must know the amount of any third stimulus payments received for you, your spouse, and any dependents. The worksheet will also request your adjusted gross income for the year to determine your eligibility.
The IRS started mailing Letter 6475 to taxpayers in Januarythe letter confirms the total amount of the third stimulus payments received for the 2021 tax year.
When Could The Stimulus Payments Start
Following approval of the bill on March 11th, millions of Americans will start seeing the third stimulus payments by mid-to-late March 2021 per the estimated IRS payment schedule and official Biden administration guidance. Comments below confirm these are going out now. You can also check the IRS Get May Payment tool for the latest status of your payment. See payment FAQs from the second round of payments, which will also apply for the most part this time around.
Due to the fact that payments are going out in the middle of tax season it may be very hard to get a hold of someone in the IRS to help with payment issues and you will likely have to wait until after April 15th to follow up on issues.
Recommended Reading: Govt Stimulus Chase 30 Day Overdraft Assistance
Also Check: Qualify For Stimulus Check 2021
Child Tax Credit Stimulus Update
If youll recall from all our child tax credit coverage in 2021, Congress got a bit creative in how it structured the payout of that expanded benefit. Lawmakers essentially sliced it in half. Recipients got the first half up front, in 2021, spread out over six monthly checks.
The second half, however, is still coming later this year.
All of those recipients who got six child tax credit checks in 2021? Theyre also getting that same cumulative amount in the form of a tax credit. One that they can use when they file their federal taxes this year. For millions of Americans, theyll either be taking a $1,500 or $1,800 credit per child. Thats what those six checks added up to .
What Else Is In The Covid Relief Bill
Expanded unemployment benefits from the federal government would be extended through Sept. 6 at $300 a week. Thats on top of what beneficiaries are getting through their state unemployment insurance program. The first $10,200 of jobless benefits would be non-taxable for households with incomes under $150,000.
Additionally, the measures provides a 100% subsidy of COBRA health insurance premiums to ensure that the laid-off workers can remain on their employer health plans at no cost through the end of September.
The legislation would send $350 billion to state and local governments and tribal governments for costs incurred up until the end of 2024. The bill also requires that small states get at least the amount they received under virus legislation that Congress passed last March.
Many communities have taken hits to their tax base during the pandemic, but the impact varies from state to state and from town to town. Critics say the funding is not appropriately targeted and is far more than necessary with billions of dollars allocated last spring to states and communities still unspent.
The bill calls for about $130 billion in additional help to schools for students in kindergarten through 12th grade. The money would be used to reduce class sizes and modify classrooms to enhance social distancing, install ventilation systems and purchase personal protective equipment. The money could also be used to increase the hiring of nurses and counselors and to provide summer school.
Don’t Miss: Stimulus Check Release Date 2021
Third Stimulus Check Update Today
According to the IRS, another wave of $1,400 stimulus checks should have arrived or been mailed out on Wednesday . However, it did not specify how many payments would be deposited, and how many are left to be deposited.
Meanwhile, the Social Security Administration has provided the IRS with the information needed to send stimulus payments to people who live on Social Security and disability and who have not filed income-tax statements in the past few years.
Those individuals should have received direct deposits on April 7 or receiving checks or debit cards shortly thereafter. However, recipients of veterans’ benefits will have to wait a week or two longer.
If you’re wondering where your stimulus check is, use the IRS’s stimulus check tracker to get an update on your payment. If you’re scheduled for a payment, either via direct deposit or paper check, the tracker will show you when to expect it. It will also alert you if there’s a hold up with your payment.
President Biden signed American Rescue Plan Act in early March. He initially championed a version of the plan in his first days in office, so it’s a significant legislative moment.
Who Qualifies For The Third Stimulus Payments
Generally, if youre a U.S. citizen and not a dependent of another taxpayer, you qualify for the full third stimulus payment. In addition, your adjusted gross income cant exceed:
- $150,000 for married filing jointly
- $112,500 for heads of household
- $75,000 for single filers
A partial payment may be available if your income exceeds the thresholds. However, you will not receive any payment if your AGI is at least:
- $160,000 for married filing jointly
- $120,000 for heads of household
- $80,000 for single filers
The full amount of the third stimulus payment is $1,400 per person and an additional $1,400 for each qualifying dependent.
Recommended Reading: How Do You Know If You Qualify For Stimulus Check
Can Homeless People Get A Stimulus Check
Yes, they can get a stimulus payment. The only way to get a payment is to file a tax return with the IRS. You can do this for free. If you dont have a fixed address and you dont have a bank account, check with a local community or religious organization or with a homeless shelter to see if you have options for getting your mail from the IRS delivered there.
Keep in mind that it may take some time for the IRS to process your tax return and your stimulus payment.
What Is The Third Stimulus Check
The third Economic Impact Payment was a provision of a piece of legislation meant to distribute stimulus funds to eligible individuals in the U.S., the American Rescue Act. In response to the unprecedented economic consequences of COVID-19, the U.S. government disbursed these funds to help offset some of the financial burdens people encountered during the pandemic. Recipients could use this money to help replace depleted savings accounts, continue making rent or mortgage payments, buy groceries or accomplish anything else they decided to do with the money.
People who paid taxes in 2019 and made up to $75,000 as single taxpayers or up to $150,000 as married filing jointly taxpayers were eligible to receive the full stimulus payment, which amounted to $1,400 per person in each household. A single person could receive $1,400. A married couple could receive $2,800, and a married couple with two kids could receive $5,600. The IRS issued the first round of checks and direct deposits in .
Biden Wants Child Tax Credits Increase Extended Indefinitely
One of the key inclusions in the new stimulus bill is a complete overhaul of the child tax credits provision which would see claimants able to receive up to $3,600 per year. As it stands the change would only last for the duration of one tax year but President Biden has reportedly stated that he is in favour of making the change permanent.
The increase is considerably higher than the $2,000 currently on offer and would be open to more of the lowest earning households the credit was made fully refundable. The payment method is also tweaked to make it more like the stimulus checks, with a monthly direct debit of up to $300 going out to eligible Americans.
What’s The Timeline For The Third Stimulus Check
The legislation directs the government to distribute the third stimulus payments “as rapidly as possible,” with a deadline of Dec. 31, 2021.
In a , Biden said people can get the money “as soon as the House and Senate pass my legislation.” As for the overall package, House Speaker Nancy Pelosi has said she’s hoping to have it “all done by the end of February” and “on the presidentâs desk” by mid-March.
To prepare to get your potential third stimulus check, make sure the IRS has your direct deposit information. You may also want to electronically file your taxes now so the government has an accurate income level for you.
Also Check: 3rd Stimulus Check Status Irs
When Will The Third Stimulus Check Be Issued
The government started sending the third stimulus checks on March 12, 2021. The IRS continues to send third stimulus checks as people submit their information to the IRS either by filing a 2020 tax return or using GetCTC.org. The deadline to use GetCTC.org is November 15, 2021.
If you have your banking information on file, the IRS sent your payment via direct deposit. Otherwise, you will receive your payment as a check or debit card via mail. Mailed checks and debit cards may take longer to deliver.
If you dont fall into any of these categories, youll have to wait to receive your third stimulus check. You will need to file a 2020 federal tax return to get the third stimulus check or use GetCTC.org if you dont have a filing requirement.
You can also get the first and second stimulus check as the Recovery Rebate Credit on your tax return or GetCTC.org if you are eligible.