Individuals
- Single filers with an AGI of $75,000 or less
- Married couples filing jointly with an AGI of $150,000 or less
- Head of household filers with an AGI of $112,500 or less
Dependents
- Children under the age of 18
- Certain other qualifying relatives
Non-filers
- Social Security recipients
- Railroad retirees
- Veterans receiving benefits from the Department of Veterans Affairs
Income Limits
The full payment amount of $1,400 per eligible individual and $2,800 per eligible couple is available to those with AGIs below the following thresholds:
- Single filers: $75,000
- Married couples filing jointly: $150,000
- Head of household filers: $112,500
For AGIs above these thresholds, the payment amount is reduced by $5 for every $100 of income over the limit.
Eligibility for Non-filers
Individuals who do not typically file tax returns, such as Social Security recipients and veterans, are eligible for the economic impact payment. They will receive a payment of $1,400 per eligible individual, but they will not receive any additional payment for dependents.
How to Receive Payment
Eligible individuals who have filed their 2019 or 2020 tax returns will receive their payment automatically via direct deposit or by mail. Non-filers will need to submit a simple tax return to claim their payment.
Additional Information
- The economic impact payment is not taxable and will not affect future tax refunds.
- Individuals who are claimed as dependents on someone else’s tax return are not eligible for a payment.
- The IRS has a tool available to help individuals determine their eligibility and calculate their payment amount: https://www.irs.gov/coronavirus/economic-impact-payments
2021 IRS Economic Impact Payments on Your Tax Account
FAQ
Who qualifies for Economic Impact payment 2021?
Who qualifies for the 2021 Recovery Rebate Credit?
How do I know if I qualify for economic impact payment?
Who was eligible for 2021 stimulus check?
What are 2021 economic impact payments (eip3)?
The 2021 Economic Impact Payments (EIP3) were advanced payments of the 2021 RRC. The IRS started issuing the EIP3 to eligible individuals in phases in March of 2021.
When will economic impact payments start in 2021?
The **IRS** began issuing these payments on **March 12, 2021**, and the distribution continued through the end of the year. If you’re eligible and haven’t received your payment, you may want to
Who qualifies for economic impact payment?
Normally, a taxpayer will qualify for the full amount of Economic Impact Payment if they have AGI of up to $75,000 for singles and married persons filing a separate return, up to $112,500 for heads of household, and up to $150,000 for married couples filing joint returns and surviving spouses.
How do I get a 2021 eip3?
No action was needed by most qualified taxpayers to receive the EIP3. Most of the 2021 EIP3s were automatic and made through direct deposit, although some taxpayers received a check or debit card in the mail. The form of payment for EIP3s may differ from the first and second rounds of EIP.