$1,400, $600, $1,200 stimulus checks: Major differences comparedMarch 2, 2021
Senate Democrats this week are hammering out the details on the, but their goal for the new payment is the same as with : to people to start spending. To better help struggling Americans, Congress with each payment has reworked how to achieve that aim and has fine-tuned to deliver and . With the , Congress continues to , which could result in that to or .
For a year, since that the version of the bill now with the Senate, we also have a good idea of how lawmakers intend to meet the same goals with the . Here’s how the three stimulus checks are similar and different., we’ve studied how Congress designed the first two payments to support families and assist the economy. From reading through
Each of the three stimulus checks is different
With each round of stimulus payments, the House and Senate has reworked the payment amount and eligibility guidelines. While we know most of the proposed— and they could change up to — there is one wild card. The IRS is in the , so it’s unclear if the agency may not be able to in a few days, as it did the second stimulus payments, or if there could be a delay in sending out the payments.
Three stimulus checks, compared
|Third check (in the works)||Second check||First check|
|Maximum total (per adult)||$1,400||$600||$1,200|
|Dependents (flat rate)||$1,400 (any age)||$600 (16 and younger)||$500 (16 and younger)|
|Income to receive maximum amount||Under: $75,000 (single); $112,500 (head of household); $150,000 (married)||Under: $75,000 (single); $112,500 (head of household); $150,000 (married)||Under: $75,000 (single); $112,500 (head of household); $150,000 (married)|
|Single taxpayer upper limit||$100,000||$87,000||$100,000|
|Head of household upper limit||$150,000||$124,500||$146,000|
|Filing jointly upper limit||$200,000||$174,000||$198,000|
|Citizenship||Mixed-status families, where one member has a Social Security number||Citizens and noncitizens with a Social Security number||Citizens and noncitizens with a Social Security number|
|Date approved||By March 14||Dec. 27, 2020||March 27, 2020|
|First payments sent||To be determined||Dec. 29, 2020||April 13, 2020|
|Final payments issued||Dec. 31, 2021||Feb. 16, 2021||Feb. 16, 2021|
|Number of payments made||To be determined||Over 147 million||Over 160 million|
|Total dollar amount distributed||To be determined||$142 billion||$270 billion|
For more information, here’s what you, including and how to .