How much stimulus money will you get in a $1,400 check? Maybe not $1,400March 7, 2021
Calculating how much money you’d get from amay seem simple, but the answer is anything but obvious. As with the previous two direct payments, and calculations are sticky — and they just got stickier, thanks to a in the that even more.
The truth is, not everyone in your household will count toward, and estimating your exact total can get tricky. You may have heard you could potentially get a this time — but you could also , or even be .
Our stimulus calculator below will give you a personalized estimate of your household’s total, assuming there are no more changes between now and the time the bill becomes final. For more payment details, here’s how a. And if you’re one of the millions of Americans who didn’t receive the first or second stimulus check, . This story was recently updated.
$1,400 stimulus calculator: Exactly how much could you get?
There’s just one more hurdle to go before President Joe Biden signs the, and that’s passing the amended bill in the House — an event . The Senate made a notable change to the third check by reducing the upper income limit to receive any check. If your , is equal to or more than $80,000 (single taxpayers,) $120,000 (head of household,) or $160,000 (filing jointly), you won’t be eligible. See below for more details.
Proposed $1,400 stimulus calculator
Use details from your 2019 or 2020 tax return
1. Choose your filing status below.
Here’s who would get the full stimulus amount and when you would completely phase out of receiving a payment, using the new Senate guidelines. As an individual or couple’s income goes up, the size of the partial payment would get smaller. (, and here’s the .)
Stimulus check income limits (March 6 version)
|Full $1,400 per person maximum (based on AGI)||Not eligible (based on AGI)|
|Individual taxpayer||Less than $75,000||$80,000 or more|
|Head of household||Less than $112,500||$120,000 or more|
|Married couple filing jointly||Less than $150,000||$160,000 or more|
The latest dependent qualifications could affect your stimulus check calculations
There are two new rules with the third stimulus check that could affect you if you have dependents.
- Each dependent counts for a flat rate of $1,400, even if the adult counts for less (e.g. a married couple with a combined AGI of $155,000)
- . College students, adult children with disabilities and would now count toward $1,400 each.
- Unlike the first two checks, you can’t receive any money if you exceed the upper income limit, even if you have dependents.
An extreme example of the last one: a single parent of four who makes $120,000 wouldn’t qualify, where a single parent with 4 dependents who makes $119,000 would still get money.
Expanding The People’s Policy Project.makes approximately 13.5 million more adult dependents count toward their household total, according to
The current proposal would also include families with; that is, where at least one family member .
Stimulus payments by income and dependents
To give you an idea of how much you might expect to receive in a third payment using the new income guidelines, we calculated a few scenarios for individuals, heads of households and families in the chart below. You can see how setting a hard upper limit changes your payment, based on the amount of money you could expect.
Payments for different incomes and dependents
|Individual||Head of household||Married couple, filing jointly|
|AGI of $75,000 and no dependents||$1,400||$1,400||$2,800|
|AGI of 79,000 and no dependents||$280||$1,400||$2,800|
|AGI of $90,000 and no dependents||$0||$1,400||$2,800|
|AGI of $100,000 and no dependents||$0||$1,400||$2,800|
|AGI of $100,000 and 1 dependent||–||$2,800||$4,200|
|AGI of $115,000 and 1 dependent||–||$1,867||$4,200|
|AGI of $120,000 and 1 dependent||–||$0||$4,200|
|AGI of $130,000 and 1 dependent||–||$0||$4,200|
|AGI of $100,000 and 2 dependents||–||$4,200||$5,600|
|AGI of $115,000 and 2 dependents||–||$2,800||$5,600|
|AGI of $155,000 and 2 dependents||–||$0||$2,800|
|AGI of $160,000 and 2 dependents||–||$0||$0|
For more, here’s how to , what to do and here are the important things to know about .