$1,400, $600 and $1,200 stimulus checks: Major differences comparedFebruary 26, 2021
The goal forhas been the same: Get money into people’s pockets to spend. But with each new , Congress has to better meet their objectives, from targeting to expanding . The has also changed over the three checks, from $1,200 with the first payment to $600 for the second and now $1,400 for the third.
is part of a House and Senate Democrats are by the middle of March. In addition to to individuals and , the sweeping rescue bill is set to through August, add funding for and possibly boost the .
The particulars of the first two payments are well known. The current version of the House bill, however, we have a good idea of what the could look like. Here’s how the three checks are similar and different., not quite so much. From reading through the
The three stimulus checks are not the same
Congress has tweaked the amount and other details of stimulus checks with each round it approves. While we know many 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.
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 non-citizens with a Social Security number||Citizens and non-citizens 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 .