And not be claimed as a dependent by anyone else in the qualifying tax year.Have a valid social security number (SSN) or an adoption taxpayer identification number (ATIN) included on your tax return,.Or considered “permanently and totally disabled”.Under 19, or under 24 if that child is a student,.So this means if you filed your taxes and claimed a dependent-whether a child or an adult-and met the income limits for a payment, your dependent will also qualify for a payment. The American Rescue Plan expands the definition of a dependent to anyone who meets the IRS definition of a dependent on your taxes. What Dependents Qualify For The Third Stimulus Check? Since the maximum income threshold is fixed, your total stimulus check will be reduced proportionately by the amount earned over $75,000 for individuals, $112,500 for heads of households, or $150,000 for joint filers until it hits the phase-out limits above. If your AGI exceeds these amounts, your household will not qualify for the stimulus payment.Īdditionally, the phase-out for stimulus reductions is more complicated to calculate this time around. Married households filing jointly earning $160,000.The adjusted gross income (AGI) maximum income for the American Rescue Plan Act are: So even if you previously received a stimulus check, you may not qualify for this one. The income limits for this new round of stimulus checks have changed. You May Not Receive a Check This Round, Even If You Got One Before military for any portion of the tax year, both partners qualify for the $1,400. However, if either spouse is active duty within the U.S. The partner without an SSN doesn’t qualify for a stimulus check. If you file jointly and your spouse does not have a valid Social Security number (SSN), only the partner with the SSN will receive $1,400 for themselves and $1,400 for each qualifying dependent. To put this into context: A couple that earns $100,000 and files jointly, with two children, will receive $5,600-that’s $2,800 for both adults and $2,800 for both children.Ĭalculate Your Third Stimulus Payment: How Much Might You Receive? You’re a couple filing jointly with an AGI up to $150,000.You’re a head of household with an AGI of up to $112,500.You’re an individual with an AGI of up to $75,000.According to the American Rescue Plan Act (ARPA), you and your dependents qualify for the full $1,400 payment if: The IRS uses your tax filing status and the adjusted gross income (AGI) from your latest tax return to determine your stimulus payment amount. Income Requirements For The Third Stimulus Payment And in this round, more dependents qualify for the checks-however, the income levels at which you no longer qualify for a payment have been reduced from previous rounds. Nearly all Americans will qualify for some kind of windfall: More than 158 million American households will receive a stimulus check. This amount is intended to top off the December $600 stimulus payments and fulfill President Joe Biden’s promise of $2,000 in combined aid. This new law provides a third round of stimulus payments of $1,400 for each qualifying tax filer and each qualifying dependent. President Biden signed the American Rescue Act Plan into law on March 11.
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