Your Guide to Each Round of Stimulus Payments
Round 1 | Round 2 | Round 3 | |
---|---|---|---|
Date legislation passed | 3/27/20 | 12/27/20 | 3/11/21 |
Max amount for individual | $1200 | $600 | $1400 |
Max amount for eligible dependent | $500 | $600 | $1400 |
Max age limit for eligible dependent | Under age 17 | Under age 17 | No limit |
Full payment, if you have adjusted gross income (AGI) at or below: | • $75,000 for individuals • $112,500 for individuals filing as head of household • $150,000 for married couples filing jointly or filing as a widow/er | • $75,000 for individuals • $112,500 for individuals filing as head of household • $150,000 for married couples filing jointly or filing as a widow/er | • $75,000 for individuals • $112,500 for individuals filing as head of household • $150,000 for married couples filing jointly or filing as a widow/er |
Reduced payment, if you have adjusted gross income (AGI) up to: | • $99,000 for individuals • $136,500 for individuals filing as head of household • $198,000 for married couples filing jointly or filing as a widow/er | • $99,000 for individuals • $136,500 for individuals filing as head of household • $198,000 for married couples filing jointly or filing as a widow/er | • $80,000 for individuals • $120,000 for individuals filing as head of household • $160,000 for married couples filing jointly or filing as a widow/er |
Can past-due child support lower the amount of payment? | Yes | No - If the second-round check was issued in 2020 Yes - If someone is claiming the second-round check as a tax credit on their return | No |
If someone can be claimed as a dependent on another’s tax return, are they eligible for their own stimulus payment? | No | No | No |
If someone was or is incarcerated, are they eligible? | Yes | Yes | Yes |
If someone has a Social Security Number, but their spouse does not, is person 1 eligible? | Yes But the spouse is not. | Yes But the spouse is not. | Yes But the spouse is not. |
If someone does not have any income, are they eligible? | Yes - If they provided more than half of their own financial support the previous year (and cannot be claimed as a dependent on someone else’s return) | Yes - If they provided more than half of their own financial support the previous year (and cannot be claimed as a dependent on someone else’s return) | Yes - If they provided more than half of their own financial support the previous year (and cannot be claimed as a dependent on someone else’s return) |
How can someone claim their stimulus payment now? | File a 2020 tax return and claim the Recovery Rebate Credit to claim missing stimulus money | File a 2020 tax return and claim the Recovery Rebate Credit to claim missing stimulus money | Will be issued automatically to individuals who: • Have filed a 2020 or 2019 tax return • Successfully used the IRS NonFilersTool in 2020 to apply for the first round payment, or • Receive a Federal benefit such as Social Security, SSI, SSDI, Railroad Retirement, or veterans benefits before Jan. 1, 2021 Those who don’t receive it this year who are eligible based on their 2021 situation can claim it when they file their 2021 tax return next year |