Third stimulus check update: How much money could you actually get? It may now changeMarch 5, 2021
The Senate will spend hours on Friday debating the contents of theand will spend many more casting votes on proposed amendments, including to the . Since having the bill in their hands, Senate Democrats have lowered the income requirements to get a , leaving out many “high earners” and others could get. Congress is still working on , so any changes could happen by that point. But these Senate guidelines can help you estimate you could get.
Thehave been adjusted for the new payment, as they were with . Some of the changed factors determining the size of your payment are , , and . With our calculator, you can get a personalized estimate of the total amount you can expect to receive.
Additionally, you could potentially get athis time — but you could also , or even be . 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 is updated often.
Our third stimulus check calculator can estimate your ‘targeted’ $1,400 payment
The Senate is working on thethis week, looking to approve its version of the legislation by the weekend. Senate Democrats have already proposed changing upper income limits for individual taxpayers and families that could result in some who the Senate defines as higher earners no longer qualifying for a payment. The changes would make the third check look different from the first two checks by lowering the reducing that upper cap, above which you’d no longer receive any money. ( .)
The bill isn’t complete yet, so the Senate could change again how the legislation targets the stimulus money. Our calculator tool will give you an idea of the amount you can expect based on the current Senate changes. The stimulus calculator won’t store or use your data. Since our calculations are based on the most recent House proposal, it could change again before becoming law.
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 amount, based on, 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.
Stimulus check proposal for income limits
|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|
How the latest eligibility rules could affect the stimulus check calculations
New with the economic-relief proposal,. Also new: The upper income limit is a hard cap. Above the income ceiling, you no longer qualify for any stimulus money, including for your dependents. With the first two checks, you could hit the cap and still receive money for a dependent.
Expanding The People’s Policy Project. Biden’s proposal also looks to include families with ; that is, where at least one family member .would make approximately 13.5 million more adult dependents count toward their household total, according to
How much money could you actually receive with the third payment?
To give you an idea of how much you might expect to receive in a third payment using the income guidelines Congress is considering, 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 .