As part of the American Rescue Plan of 2021, eligible individuals and families will automatically receive a third stimulus payment of up to $1,400 for individuals and head of households or $2,800 for married couples. Families with dependents of any age will receive $1,400 per dependent as long as they meet the income eligibility requirements.
For households who have already filed their income tax return for 2020, the IRS will use that information to determine eligibility and size of payments.
For households that haven’t yet filed for 2020, the IRS will review records from 2019 to determine eligibility and size of payment. That includes those who used the “non-filer portal” for previous rounds of payments.
You are eligible for the full amount of the stimulus payment if your adjusted gross income (AGI) on your latest tax return is less than or equal to:
- $150,000 if married and filing a joint return or if filing as a qualifying widow or widower;
- $112,500 if filing as head of household; or
- $75,000 for eligible individuals using any other filing status
Payments will be phased out (or reduced) above those AGI amounts. This means you will not receive a third stimulus payment if your AGI exceeds:
- $160,000 for married or joint income
- $120,000 for heads of households
- $80,000 for individuals
If you are eligible, you do not have to take any action to receive this third payment. If you receive Social Security, Railroad Retirement, or Veterans benefits, you do not have to take any action to receive the third payment. Your payment will be issued based on information the IRS has on file for your 2019 or 2020 tax return.
If you filed your tax returns with direct deposit or bank account information, the IRS will send your stimulus payment electronically. For those households for which Treasury cannot determine a bank account, paper checks or debit cards will be sent.
The first batch of payments will be sent by direct deposit, which some recipients started receiving as early as March 12. Additional batches of payments will be sent in the coming weeks by direct deposit and through the mail as a check or debit card.
Learn more about the third round of stimulus payments.