$1,400, $600, $1,200 stimulus checks: The major differences comparedMarch 1, 2021
With each of theCongress has approved, the objective has remained the same: to spend right away. But to help Americans struggling to survive a wobbling US economy, Congress over the last year has retooled how to reach that goal, adjusting to send and . With the , Congress continues to , which could result in that to or .
Since last March, we’ve studied how Congress designed the first two payments to help families and boost the economy. From reading through 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.
Each stimulus check is different from the other two
With each round of stimulus checks, Congress has reworked the payment amount and eligibility guidelines. While we know most of the proposed, 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 .