How Much Money You Could Really Get In A Third Stimulus Check? See For Yourself – You can simply check using the calculator to know how much money you and your family could expect with a $1,400 stimulus check maximum.
The details of the third stimulus check are moving, as the Senate Democrats are looking to lower some of the income requirement needed to qualify for the $1,400 payment, this can change the amount of money some who the senate defines as ‘’higher earners’’ would receive.
While nothing is settled as Congress works to hit a mid-month deadline for passage of the bill, we know enough right now about the proposed Senate guidelines to help you quickly estimate the amount of stimulus money you may be eligible for.
With each of the three stimulus checks (you can compare them here), lawmakers have adjusted not just the dollar amount but the eligibility rules around who would qualify. So that you don’t have to keep track of all the complicated and shifting changes yourself, you can use our payment calculator to plug in your individual information and get a personalized estimate. Among the changed factors determining the size of your payment are citizenship, a number of dependents, and individual and family income caps.
for more information on how you could potentially get a significantly larger third stimulus check, as well as how it’s possible to get less money or even none at all. Here’s how the third check during tax time could play out. And if you’re one of the millions of Americans yet to receive the first or second stimulus check, here’s how to claim it on your 2020 tax return. This story is updated often.
How New Eligibility Rules Could Affect Stimulus Check Calculation
New with the economic-relief proposal, all dependents would qualify for a $1,400 payment. Also new: The upper-income limit is a hard cap. Above the income ceiling, you no longer qualify for any stimulus money, including for your dependents. With the first two checks, you could hit the cap and still receive money for a dependent.
Increasing qualifications to support of any age would make approximately 13.5 million more adult dependents count toward their household total, according to The People’s Policy Project. Biden’s proposal also looks to include families with mixed citizenship status; that is, where at least one family member is a US citizen