Earlier this year, the American Rescue Plan Act of 2021 was signed into law. One of the main features of this legislation was the provision of third-round stimulus payments aimed at helping Americans to recover from the COVID-19 pandemic’s economic fallout. However, there remains some confusion about who is eligible for these stimulus payments, especially when it comes to dependents. In this article, we explore who depends get the third stimulus, and what you need to know to ensure you receive your entitlement.
The good news is that dependents are eligible for the third stimulus payments. However, certain requirements must be met to qualify. Firstly, the dependent must be a child under the age of 19 or a full-time student aged under 24. Secondly, they must be claimed as a dependent on someone’s tax return. These tax returns must have been filed on time, not be subject to fraud or identity theft, and have an adjusted gross income below $75,000 for individuals or $150,000 for married couples.
The third stimulus payments, otherwise known as Economic Impact Payments (EIPs), are $1,400 per eligible household member. This means that for families that have eligible dependents, they may receive-up-to $1,400 per dependent as part of their third stimulus payment. These payments can be a lifeline for struggling families and help to alleviate the financial burden of the past year. So if you have dependents that are eligible for the third stimulus payment, make sure you claim your entitlement to ensure that your family receives the financial assistance it needs.
Eligibility criteria for the third stimulus check
The third stimulus checks, officially known as Economic Impact Payments (EIPs), are part of the $1.9 trillion American Rescue Plan Act that was signed into law on March 11. The IRS is now sending out the third round of relief payments to eligible Americans, with millions of people already receiving their checks. So, who is eligible for the third stimulus check?
- Individuals with adjusted gross income (AGI) of up to $75,000 are eligible for the full $1,400 payment.
- Married couples filing jointly with AGI of up to $150,000 are eligible for a full payment of $2,800.
- For heads of households, the threshold for a full payment is AGI of up to $112,500.
- Individuals earning more than $80,000 and married couples earning more than $160,000 are not eligible for the stimulus payments.
It’s important to note that eligibility is based on your most recent tax return. If you haven’t filed your 2020 tax return yet, the IRS will use your 2019 tax return to determine your eligibility. If your income has decreased in 2020, you may qualify for a payment when you file your tax return this year.
Additionally, dependents may also be eligible for the third stimulus check. However, the rules for dependents have changed with each round of stimulus payments.
| Stimulus Payment | Dependent Criteria | Amount per Dependent |
|---|---|---|
| First Stimulus (CARES Act) | Children under age 17 | $500 |
| Second Stimulus (COVID-related Tax Relief Act) | Children under age 17 and adult dependents (e.g. disabled individuals, college students, elderly adults, etc.) | $600 |
| Third Stimulus (American Rescue Plan Act) | Children under age 17 and adult dependents | $1,400 |
Overall, understanding the eligibility criteria for the third stimulus check can help determine whether you or your dependents may receive a payment. It’s important to stay informed and to check the IRS website for updates and additional information about stimulus payments.
Income requirements for the third stimulus check
With the passage of the American Rescue Plan Act, the third round of stimulus checks is now being distributed to eligible individuals and families. However, not everyone will be eligible for the full amount, or even any amount, of the stimulus payment. Income requirements play a significant role in determining who qualifies for the third stimulus check and how much they will receive.
- The full amount of the third stimulus check is $1,400 for individuals with an adjusted gross income (AGI) of up to $75,000, heads of household with an AGI of up to $112,500, and married couples filing jointly with an AGI of up to $150,000.
- Individuals with an AGI between $75,000 and $80,000, heads of household with an AGI between $112,500 and $120,000, and married couples filing jointly with an AGI between $150,000 and $160,000 will receive a partial payment, based on a sliding scale.
- Individuals with an AGI of $80,000 or more, heads of household with an AGI of $120,000 or more, and married couples filing jointly with an AGI of $160,000 or more will not receive a stimulus payment.
It’s important to note that the above income limits are based on the most recent tax return that the IRS has on file. If your income has decreased since your last tax return or if you haven’t filed a return in the past two years, you may still be eligible for the third stimulus payment based on your current income.
If you’re unsure whether you’re eligible for the third stimulus payment or how much you might receive, the IRS has created an online tool called the “Get My Payment” portal. This tool allows you to check the status of your payment and confirm your eligibility based on your most recent tax return.
It’s important to note that the income requirements for the third stimulus check are different from the previous rounds of stimulus payments. To ensure that you receive the correct amount of payment, be sure to check your eligibility and provide accurate information to the IRS.
| Income Requirement | Full Payment | Partial Payment | No Payment |
|---|---|---|---|
| Individuals | Up to $75,000 AGI | $75,000 – $80,000 AGI | Above $80,000 AGI |
| Head of Household | Up to $112,500 AGI | $112,500 – $120,000 AGI | Above $120,000 AGI |
| Married Couples Filing Jointly | Up to $150,000 AGI | $150,000 – $160,000 AGI | Above $160,000 AGI |
Overall, the income requirements for the third stimulus check are carefully designed to ensure that individuals and families who have been most impacted by the COVID-19 pandemic receive the necessary financial assistance to help cover their basic needs and expenses.
Age restrictions for the third stimulus check
The third stimulus check, also known as Economic Impact Payment (EIP) 3, is part of the American Rescue Plan aimed at providing financial relief to individuals affected by the COVID-19 pandemic. However, not everyone is eligible to receive this payment, and there are age restrictions that determine who is qualified to get the third stimulus check.
To receive the third stimulus check, you must meet the following age requirements:
- You must be a U.S. citizen, permanent resident, or qualifying resident alien.
- You must have a valid Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN).
- You must not be claimed as a dependent on someone else’s tax return.
- You must not be a nonresident alien.
If you meet the above requirements, you may be eligible to receive the third stimulus check, depending on your age. Here are the age restrictions for the third stimulus check:
| Age Group | Maximum Payment Amount |
|---|---|
| Individuals aged 17 or younger | $1,400 |
| Full-time students aged 18 to 24 years old | $1,400 |
| Adults aged 25 or older | $1,400 |
If you are aged 17 or younger, you may be eligible to receive the maximum payment amount of $1,400. Full-time students aged 18 to 24 years old are also eligible to receive the same payment amount. However, adults aged 25 or older are also eligible to receive the same amount, provided they meet the other eligibility requirements.
In summary, the age restrictions for the third stimulus check are straightforward. Individuals aged 17 or younger, full-time students aged 18 to 24 years old, and adults aged 25 or older may be eligible to receive the payment, as long as they meet the other eligibility requirements.
Citizenship and residency requirements for the third stimulus check
In order to receive the third round of stimulus payments, there are certain citizenship and residency requirements that must be met. Here are the key points to consider:
- Only U.S. citizens and non-citizen residents with a valid Social Security number are eligible for the stimulus payment. This means that non-U.S. citizens who do not have a valid Social Security number are not eligible to receive the payment.
- For the purposes of the stimulus payments, a “resident” is defined as someone who has a valid Social Security number, is not a dependent of another taxpayer, and meets the IRS residency requirements. These requirements include being physically present in the United States for at least half of the year.
- If you are a U.S. citizen living outside of the country, you are still eligible to receive the stimulus payment as long as you meet the residency requirements outlined above. However, if you are a non-U.S. citizen living outside of the country, you are not eligible for the payment.
It’s important to note that the eligibility requirements for the stimulus payments can be complex, and there may be exceptions based on individual circumstances. For more information, visit the IRS website or consult with a tax professional.
Here is a breakdown of the residency requirements for the stimulus payment:
| Residency Status | Eligible for Stimulus Payment? |
|---|---|
| U.S. citizen or resident alien | Yes |
| Nonresident alien | No |
| Dual-status alien | Maybe (eligibility determined on a case-by-case basis) |
As you can see, the eligibility for the third stimulus payment depends on various factors, including citizenship and residency status. If you have any questions or concerns about your eligibility, it’s best to consult with a tax professional or visit the IRS website for more information.
Individuals who filed for bankruptcy and the third stimulus check
Many individuals have faced financial hardships as a result of the pandemic and have had to file for bankruptcy. The question on their minds is whether they are eligible to receive the third stimulus check.
The good news is that individuals who have filed for bankruptcy are not automatically disqualified from receiving the third stimulus check. However, there are certain criteria that they must meet in order to qualify.
- If the bankruptcy case was filed before the passing of the American Rescue Plan Act on March 11, 2021, then the debtor may not be entitled to receive the third stimulus check. This is because the latest relief package did not allow for retroactive payments to be made.
- If the bankruptcy case was filed after March 11, 2021, then the debtor may be entitled to receive the third stimulus check.
- If the debtor’s bankruptcy case is still pending, then they may be eligible for the third stimulus check.
It is important to note that the stimulus check payment may be subject to the terms of the bankruptcy plan. For example, if the debtor is in a Chapter 13 bankruptcy, the stimulus check may be considered disposable income and therefore may be part of the repayment plan. This means that the debtor may not receive the full amount of the stimulus check.
If the debtor has any questions regarding their eligibility for the third stimulus check, they should contact their bankruptcy attorney or their local bankruptcy court for further guidance.
Social Security and the Third Stimulus Check
If you receive Social Security benefits, you may be wondering if you qualify for the third stimulus check. The short answer is yes, but there are some important details to keep in mind.
First of all, if you receive Social Security retirement, survivor, or disability benefits, you should receive a stimulus check automatically. This includes both Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) recipients. You won’t need to take any additional steps to receive the payment.
However, if you have dependents and receive Social Security benefits, you will need to take action to ensure they receive a payment as well. Dependents under the age of 17 are eligible for a payment of $1,400 each, but the Social Security Administration (SSA) doesn’t have information on file for all dependents.
- If you already filed a tax return for 2019 or 2020 and included your dependents, they should automatically receive a payment.
- If you didn’t file a tax return but used the IRS non-filers tool last year to claim the first or second stimulus check, you need to use the tool again to claim the additional payment for your dependents.
- If you didn’t file a tax return or use the non-filers tool but receive Social Security benefits, you can use the IRS’s Get My Payment tool to provide information for your dependents. You’ll need to do this by May 17th, 2021 in order to receive the additional payment for your dependents.
In addition, there are some special rules for Social Security beneficiaries who don’t have a work history but receive benefits based on a spouse’s or parent’s record (often referred to as “auxiliary beneficiaries”). According to the SSA, these beneficiaries should receive a stimulus check automatically if they meet certain criteria:
| Beneficiary Type | Payment Automatically Sent? |
|---|---|
| Auxiliary Beneficiary who filed a tax return for 2019 or 2020, or used the non-filers tool | Yes, as long as they meet eligibility requirements |
| Auxiliary Beneficiary who didn’t file a tax return or use the non-filers tool, but receives Social Security benefits | Yes, as long as they meet eligibility requirements and didn’t need to file 2019 or 2020 taxes |
| Auxiliary Beneficiary who didn’t file a tax return or use the non-filers tool, and doesn’t receive Social Security benefits | No, they will need to file a tax return to claim the stimulus check |
If you’re unsure whether you or your dependents qualify for a stimulus check, or if you have any other questions about Social Security and the third round of payments, the best thing to do is to visit the IRS website or contact a tax professional for advice.
Veterans and the Third Stimulus Check
As a veteran, you may be wondering if you are eligible for the third stimulus check. The good news is that, like the previous stimulus payments, veterans with dependent children are eligible to receive the full amount of the stimulus payment, including the additional $1,400 for each dependent child.
- If you are a veteran who is eligible for VA benefits and has an adjusted gross income (AGI) of up to $75,000 for individuals or $150,000 for couples filing jointly, you will receive the full $1,400 stimulus payment.
- If your AGI is above these amounts, the payment amount will gradually decrease until it phases out completely at an AGI of $80,000 for individuals and $160,000 for couples filing jointly.
- As a veteran, you may also be eligible for additional financial assistance through the VA or other government programs. Check with your local VA office or your state’s Department of Veterans Affairs for more information.
In addition, the Department of Veterans Affairs has also announced that it will be providing $386 million in payments to veterans who receive VA benefits and have dependents. This additional payment will be automatically added to veterans’ regular VA compensation or pension payments, and will be paid out in two installments.
If you are a veteran with a service-connected disability, you may also be eligible for additional financial assistance through the VA. The VA offers a range of benefits for veterans with disabilities, including disability compensation, housing and home loan benefits, vocational rehabilitation and employment services, and more. Contact your local VA office to learn more about your options.
| AGI | Payment Amount (Individual) | Payment Amount (Married Filing Jointly) |
|---|---|---|
| Up to $75,000 | $1,400 | $2,800 |
| $75,001-$80,000 | Gradually Reduced Payment | Gradually Reduced Payment |
| Above $80,000 | No Payment | No Payment |
Overall, while the third stimulus check may not solve all of your financial needs, it can provide some much-needed relief during these difficult times. As a veteran, make sure to stay informed about your eligibility for the stimulus payment and other financial assistance programs through the VA and other government agencies.
FAQs About Dependents Receiving the Third Stimulus
Q: Who qualifies as a dependent for the third stimulus payment?
A: Dependents include children under the age of 19, as well as full-time students under the age of 24. Adult dependents, such as elderly parents or disabled family members, are also included.
Q: Will all dependents receive the same amount in the third stimulus?
A: No, the amount of the payment for dependents will be different than the previous two stimulus payments. Each dependent will now receive $1,400, up from $600 in the previous stimulus.
Q: Are there any age restrictions for dependents to receive stimulus payments?
A: Yes, dependents must be 16 years old or younger to receive the full stimulus payment of $1,400. Children who are 17 or 18 years old may still be eligible to receive a partial payment.
Q: What if I have joint custody of my dependent?
A: If you share custody of your dependent, only one parent or guardian can claim them for the stimulus payment. The parent who claims the dependent on their tax return is the one who will receive the payment.
Q: What happens if my dependent owes child support?
A: Similar to the first two stimulus payments, any payment for a dependent who owes child support may be garnished to cover past-due payments.
Q: Do dependents need to have a Social Security number to receive the payment?
A: Yes, in order to receive a stimulus payment for a dependent, they must have a valid Social Security number.
Closing Thoughts: Thanks for Reading!
We hope our FAQs about dependents receiving the third stimulus have been helpful to you. As always, be sure to stay up to date on any further updates or information regarding the stimulus by checking official government websites. Thank you for reading, and come back soon for more informative articles!