8 ways the third stimulus check could bring you much more than a $1,400 paymentMarch 4, 2021
Thelooks to be set at under the . And for many families, that amount is just the starting point for what they could receive due to the changes to in the stimulus package that the . (Here’s how the .)
The requirements for the third stimulus payment are already undergoing alterations, with changes made to phase out checks faster. However, the details are still solid enough to determine how your household’s total payment amount could be larger with a third check. In addition to the $1,400 payment, extensions to the could bring you , and .
And it’s not just thethat have changed with the qualification requirements. Who could be different too. Below, we’ll help you determine how much based on the eight factors outlined. However, there’s also the possibility of . We’ll walk you through some hypothetical situations. This story was recently updated.
1. $1,400 for each dependent means your check total could multiply
Whiledon’t get their own checks, they do count toward the family total. With the first check, children age 16 and under counted for $500 apiece, while adults factored in for up to $1,200. The second check counted child dependents for $600, the same as their parents or guardians.
Theis set to raise the figure to $1,400 apiece for everyone (adults would still be ). So in theory, a family of four that met could receive .
2. Age won’t matter, so more dependents could qualify this time
? The could have a different answer. For the , a dependent was understood to be any child aged 16 or younger. But the new definition would include anyone you can claim on — such as children over 16, under your care and child dependents of any age with disabilities. If approved, that could bring your family more money by raising the number of overall dependents who qualify.
3. Babies and other additions: Did your household gain a new dependent since last year?
If you have had or adopted a new child, if an older relative moves in with you or if for whatever other reason you’ve gained a dependent since the last round of stimulus payments, you may see a larger check.
4. Citizenship: If you’re a mixed-status family, you may qualify for a stimulus check
Under Biden’s stimulus plan, morewould be eligible for a stimulus check. The from the first check by making it possible for families where to be eligible for a payment. Biden’s proposal would work with more scenarios: For example, it would potentially provide stimulus check money to a household of US-citizen children with noncitizen parents. It isn’t clear if this would pass as part of the final bill.
5. Employment: If your status changed, your payment amount could be affected
If you became unemployed this year or your wages dropped, that could, which is used to determine your payment. For example, if you got a partial payment with the first or second check, a third check could bring you a full payment if you’re no longer employed.
6. Marital status: What happens if you got married and are filing together for the first time?
Depending on several variables that include your spouse’s filing status and any new dependents, a change in marital status could result in a larger check. For example, if you were single and filing alone, you got $1,200 at most the first time around. Married, you could be eligible for up to $2,400, sinceis based on your combined household income.
If a third stimulus check arrives for $1,400 per person, your spouse could double it to $2,800. Alternatively, if yourwould only get you a on your own, filing jointly with a spouse with an income under the threshold could qualify you for the whole check total.
7. Custody: Do you share a dependent? It could make a big difference
If you meet specific qualifications, you and the child’s other parent. That means you could get an extra $500 or more in the third stimulus check, especially if anything in your situation changed between the time you filed your 2019 tax return and your future 2020 return. The third check allowance would be based on your .
8. Inmates: An eligibility change could become permanent
A federal judge has ruled that. If the ruling stands, these people may be entitled to a third stimulus check as well as the first two, with more potential money for dependents.
Note: Stimulus checks won’t go to undocumented residents this time
In the past, Democrats proposed thatfunds if they pay taxes (through an ITIN number). This provision was that passed the House of Representatives in two forms but didn’t become law.
With the third check, you’d need to have a Social Security number to be eligible, or be part of a blocking stimulus payments from undocumented immigrants. Though the amendment isn’t binding, it seems unlikely that senators would change their position now that they’re on the record.where one household member has a Social Security number, if that’s approved. On Feb. 4, the Senate passed an amendment
Here’s everything else you, including and how to .