The third round of Economic Impact Payments, authorized by the American Rescue Plan Act of March 2021, provided financial relief to eligible individuals and families impacted by the COVID-19 pandemic. These payments were issued by the Internal Revenue Service (IRS) and varied in amount depending on factors such as income and family size.
Payment Amounts
Eligible individuals received a payment of up to $1,400, while married couples filing jointly received up to $2,800. Additionally, each qualifying dependent claimed on the tax return also received a payment of up to $1,400.
Eligibility Criteria
To qualify for the full amount of the third Economic Impact Payment, individuals had to meet the following criteria:
- Have an adjusted gross income (AGI) of up to $75,000 for single filers and married individuals filing separately
- Have an AGI of up to $112,500 for heads of household
- Have an AGI of up to $150,000 for married couples filing jointly and surviving spouses
Payments were phased out for individuals with AGIs above these thresholds, with no payments issued to those with AGIs exceeding:
- $80,000 for single filers and married individuals filing separately
- $120,000 for heads of household
- $160,000 for married couples filing jointly and surviving spouses
Payment Distribution
The IRS used available information to determine eligibility and issue payments to eligible individuals who:
- Filed a 2020 tax return
- Filed a 2019 tax return if the 2020 return had not been submitted or processed
- Registered for the first Economic Impact Payment using the Non-Filers portal in 2020
- Received federal benefits as of December 31, 2020, such as Social Security, Railroad Retirement Board benefits, Supplemental Security Income (SSI), and Veteran benefits
Payment Methods
Payments were primarily issued via direct deposit to bank accounts on file with the IRS. For those without direct deposit information, payments were sent as checks or debit cards in the mail.
Additional Information
Individuals could check the status of their third payment using the IRS’s Get My Payment tool. Those who did not receive a payment or received less than the full amount may have been eligible for the 2020 Recovery Rebate Credit by filing a 2020 tax return.
How much is the 3rd stimulus check 2021?
FAQ
How much was my 2021 stimulus check?
How much was the 2nd stimulus check?
When did 3rd stimulus checks go out?
How do I know if I got the 3rd stimulus?
When did the stimulus payments come in 2021?
These payments were authorized by Congress in the American Rescue Plan Act, enacted on March 11, 2021. For those who haven’t received a payment yet, here are answers to some common questions about this set of stimulus payments, which differ in some ways from the first two sets of stimulus payments in 2020, referred to as EIP1 and EIP2.
When will my 3rd stimulus check arrive?
Answer: Millions of Americans have already received their third stimulus check. And the IRS will be sending out more over the next several weeks. So, if you haven’t received your payment yet ( assuming you’re eligible for a payment ), it should arrive relatively soon. How long it will take to send all payments is not known yet.
Will I get a stimulus check if I had a baby in 2021?
Answer: Unfortunately, if you had a child in 2021, you won’t get an additional $1,400 in your third stimulus check for him or her. That’s because your new bundle of joy wasn’t claimed as a dependent on your 2019 or 2020 tax return. You can, however, get an additional $1,400 Recovery Rebate credit for your new baby on your 2021 tax return.
When will FS 2021-04 start delivering economic impact payments?
FS-2021-04, March 2021 — The Internal Revenue Service, on behalf of the Treasury Department, worked to quickly begin delivery of the third round of Economic Impact Payments authorized by Congress in the American Rescue Plan Act in March 2021.