Stimulus checks compared: What’s new, the same and different with the 3 paymentsFebruary 23, 2021
Theoutlines are coming into focus. is part of a Congressional Democrats are by the middle of March. Many of the details around — including and — still need to be settled. But we know enough about the that we can compare it to the to see what will look new and what will seem familiar.
To avoid a gap inthat would expire March 14, Congress is rushing to finish the bill by that date. In addition to renewing unemployed worker benefits through August, the sweeping rescue bill is set to to individuals and , add funding for and possibly boost the .
The particulars around the first two payments are well known. The current version of the House bill (PDF), 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
Stimulus checks, side by side by side — and a wild card
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 with 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 .