Just like your first stimulus check and your second stimulus check, receiving the third stimulus check should be a process similar to the first two. Like all stimulus checks, receiving your stimulus check is quite a convenient process if you filed your taxes in 2019 or 2020, and if you meet the qualification requirements. In fact, no additional steps are needed for qualified individuals and couples.
Whether or not you qualify depends on your household income, number of dependents and additional important factors. Qualification factors include verifying your U.S. citizenship or resident alien status and Social Security Number (SSN).
You are not allowed to be another taxpayer’s official dependent and used for deduction or tax credit purposes. If another person filed their taxes using you as their dependent you are automatically disqualified from receiving a stimulus check.
Income limits were different for the first two checks than they are for the third. All income requirements are based on adjusted gross income (AGI) but the maximum income limits changed to include more people in specific ways during the third round of checks.
AGI-based qualification requirements for several recipient categories are as follows:
First round maximum income requirements:
- Single tax filers can earn up to $99,000
- Heads of households can have incomes up to $136,500
- Married couples filing jointly can make up to $198,000
Second round maximum income requirements:
- Single tax filers can earn up to $87,000
- Heads of households can have incomes up to $124,500
- Married couples filing jointly can make up to $174,000
Third round maximum income requirements:
- Single tax filers can earn up to $80,000
- Heads of households can have incomes up to $120,000
- Married couples filing jointly can make up to $160,000
Something that is only relevant to the third stimulus check is that each dependent qualifies for $1,400 with no age restrictions. Income restrictions do apply based on the amount you receive for qualified dependents, however. Your 2019 or 2020 AGI is used to determine how much stimulant money you receive for each dependent.
Individual, head-of-household and married-filing-joint recipients making up to $75,000, $112,500 and $150,000 per year qualify for the $1,400 per dependent stimulus boost provided all other necessary conditions are also met.
A reduction rate, also referred to as a phase-out rate, applies. For each $1,000 you earn above the income limit your check is reduced.
This allows people to receive partial payments on a sliding scale instead of the harder cutoff applied to the first two checks. Individual, head-of-household and married-filing-jointly recipients earning above $80,000, $122,000 and $160,000 are disqualified.