As the United States continues to reel from the economic impact of the COVID-19 pandemic, many Americans are eagerly awaiting the arrival of the third stimulus check. However, there’s a question that’s been on many people’s minds: will minors get the third stimulus check? After all, minors were excluded from the first two stimulus checks, leaving many families struggling to make ends meet. This time around, there’s hope that children will be included in the stimulus package.
For many families, the pandemic has meant a significant loss of income, making it difficult to cover basic expenses like rent, food, and healthcare. The first two stimulus payments provided some relief, but for families with minors, the exclusion of children from the payments was a major stumbling block. Many parents were left with the difficult choice of prioritizing their own bills or providing for their children’s needs. But with the third stimulus check, there’s a glimmer of hope that things might be different.
As the debate around the third stimulus check continues, one thing is clear: families with minors are in dire need of financial assistance. After a year of living through the pandemic, the strain on families has been nothing short of immense. If minors are included in the upcoming stimulus package, it could mean a world of difference for many families. So let’s wait and see – will minors get the third stimulus check? The answer could make all the difference in the world.
Eligibility criteria for the third stimulus check
The third stimulus check, also known as the American Rescue Plan, has been a topic of discussion since the approval of the bill in March 2021. The eligibility criteria for this relief payment have been a point of contention, especially since the previous rounds of stimulus payments demonstrated issues when it came to reaching all segments of the population.
Below are some of the eligibility criteria for the third stimulus check:
- Individuals earning up to $75,000 annually are eligible for the full $1,400 payment. For those earning over $75,000, the payment amount begins to phase out until it reaches a maximum income ceiling of $80,000 where the payment becomes zero.
- Married couples earning up to $150,000 are eligible for the full $2,800 payment. For those earning over that amount, the payment phase-out begins until it hits a ceiling of $160,000, where no payment is made.
- Parents and caretakers also qualify for additional payments of $1,400 per dependent child under the age of 18.
- Dependents who are 18 years or older no longer qualify for stimulus payment, unlike in previous rounds of stimulus payments.
- Non-resident aliens, those without a valid Social Security number, and those who are incarcerated are not eligible for the stimulus payment.
The eligibility criteria for the third stimulus check prioritized helping those who have been financially affected by the ongoing pandemic. Those who have lost jobs, have reduced incomes, or are struggling to make ends meet due to COVID-19 should benefit from the relief payment.
Knowing the eligibility criteria for the third stimulus check can help you determine if you qualify for the payment or not. Remember to check the IRS website for updated information on the stimulus payment.
Dependent qualifications for the third stimulus check
If you have a dependent, such as a child or a disabled adult, you may be wondering if they qualify for the third stimulus check. The answer is yes, but there are specific qualifications they must meet in order to be eligible.
- To qualify as a dependent, the person must be age 16 or younger, or a full-time student under the age of 24. They must also have lived with you for at least half of the year.
- The dependent cannot have provided more than half of their own support during the year.
- You must claim the dependent on your tax return in order for them to be eligible for the stimulus check.
Even if you did not receive the previous stimulus checks for your dependent, you may still be able to receive the $1,400 per dependent payment with the third stimulus check, as the qualifications have been expanded to include more individuals.
However, it’s important to note that if your dependent is over the age of 17, they may not be eligible for the stimulus payment. Additionally, if they are claimed as a dependent by someone else on their tax return, they will not be eligible for the payment.
Wrap Up
Dependents may be eligible for the third stimulus check, as long as they meet the qualifications set forth by the IRS. If you have a dependent who meets these qualifications, make sure to claim them on your tax return to receive the $1,400 per dependent payment. Keep in mind that there may be age and support limitations that can affect eligibility.
| Dependent Age | Dependent Qualifications |
|---|---|
| 16 or younger | Must have lived with you for at least half of the year and cannot have provided more than half of their own support |
| Full-time student under age 24 | Must have lived with you for at least half of the year and cannot have provided more than half of their own support |
| Over age 17 | May not be eligible for the stimulus payment |
As always, it’s important to consult with a tax professional if you have questions about your specific situation.
Legal guardianship and its effect on stimulus check eligibility
Many families with minor children are wondering if they will receive the third stimulus check and what legal guardianship has to do with it. Here’s what you need to know:
- If a minor child is claimed as a dependent on someone else’s tax return, such as a parent or legal guardian, they will not receive their own stimulus check.
- However, the parent or legal guardian who claims the child as a dependent may receive an additional $1,400 per dependent child.
- If the minor child is not claimed as a dependent, they may be eligible for their own stimulus check, provided they meet the other eligibility criteria.
Legal guardianship plays a critical role in determining who is eligible to receive the stimulus check on behalf of a minor child.
If a minor child has a court-appointed legal guardian, the guardian is eligible to receive the child’s stimulus check. However, if the child is claimed as a dependent on someone else’s tax return, the guardian will not receive the additional $1,400 per dependent child.
If a minor child does not have a court-appointed legal guardian, the parent who claims the child as a dependent will receive the child’s stimulus check, including the additional $1,400 per dependent child.
| Scenario | Stimulus Check Eligible | Who Receives the Check |
|---|---|---|
| Minor child claimed as a dependent on someone else’s tax return | No | Parent or legal guardian may receive $1,400 per dependent child |
| Minor child not claimed as a dependent | Yes | Child or parent who claimed the child as a dependent |
| Minor child has court-appointed legal guardian | Yes | Guardian |
It’s important to note that eligibility requirements may change, and stimulus check rules can be complex, so it’s wise to keep up-to-date with the latest information from trusted sources.
Overall, legal guardianship can affect who is eligible to receive a minor child’s stimulus check. If you have any questions regarding eligibility, it’s recommended that you consult with a qualified tax professional or an official government source.
Restrictions for Individuals with Unpaid Taxes from Receiving the Stimulus Check
As much as the majority of Americans are eligible to receive the third stimulus check, there are some restrictions that apply to certain individuals. One of these restrictions involves individuals with unpaid taxes. Here’s what you need to know if you fall under this category:
- If you owe back taxes or other debts to the federal or state government, your stimulus check might be garnished.
- However, unlike the first two rounds of stimulus checks, this time around, the federal government won’t be able to garnish your check for private debts like past-due credit cards, medical bills, or rent.
- It’s important to note that if you owe money to the IRS, they’ll automatically deduct the amount you owe from your stimulus check. This means if you owe $600 in back taxes, for example, and you’re eligible for a $1,400 stimulus check, you’ll only receive $800.
If you’re not sure if you owe back taxes or other debts, the best thing to do is to check with the IRS or your state’s tax agency. You can also set up a payment plan with the IRS if you’re unable to pay the full amount you owe in one lump sum.
What You Can Do If You Owe Back Taxes
If you do owe back taxes, you might be wondering what your options are. Here are some things you can do:
- Contact the IRS to see if you can set up a payment plan so you can pay off your debt over time. This will show that you’re making an effort to pay your taxes, which could help you avoid having your stimulus check garnished.
- Consider using your stimulus check to pay off some or all of your back taxes. While it might not be the most fun option, it’s important to get your finances in order so you can avoid future financial issues.
- Check to see if you qualify for any tax relief programs. The IRS offers several tax relief programs for individuals who owe back taxes and are unable to pay their full debt. These programs could help you lower your tax liability or pay off your debt at a reduced rate.
The Bottom Line
While individuals with unpaid taxes might face some restrictions when it comes to receiving the third stimulus check, there are options available. If you owe back taxes, it’s important to take action and get your finances in order. There are resources available to help you pay off your debt and avoid unnecessary financial stress.
| Tax Relief Program | Description |
|---|---|
| Offer in Compromise | This program allows you to settle your tax debt for less than the full amount you owe. |
| Installment Agreement | This program allows you to pay off your tax debt over time. |
| Currently Not Collectible | This program allows you to delay payment while the IRS considers your account uncollectible. |
Don’t let back taxes prevent you from receiving the stimulus check you’re entitled to. Take action today to get your finances in order.
Determining income levels for stimulus check eligibility
Determining income levels for stimulus check eligibility can be a bit confusing. The third stimulus check follows the same income eligibility criteria as the first and second stimulus checks. However, there are a few differences.
First, let’s review the income thresholds for the first and second stimulus checks:
- Individuals with an adjusted gross income (AGI) of up to $75,000 were eligible for the full amount of $1,200 or $600, respectively.
- Married couples filing jointly with an AGI of up to $150,000 were eligible for the full amount of $2,400 or $1,200, respectively.
- For every $100 above the income thresholds, the amount of the stimulus check decreased by $5.
- Individuals with an AGI of $99,000 or more and married couples with an AGI of $198,000 or more were not eligible for the stimulus checks.
Now, let’s review the income thresholds for the third stimulus check:
- Individuals with an AGI of up to $75,000 are eligible for the full amount of $1,400.
- Married couples filing jointly with an AGI of up to $150,000 are eligible for the full amount of $2,800.
- For every $100 above the income thresholds, the amount of the stimulus check decreases by $5.
- Individuals with an AGI of $80,000 or more and married couples with an AGI of $160,000 are not eligible for the stimulus checks.
How to Determine Your Eligibility
The IRS will use your 2020 tax return to determine your eligibility for the third stimulus check. If you haven’t filed your 2020 tax return yet, they will use your 2019 tax return instead. If you are a dependent, you are not eligible for the stimulus check.
Why Your Income Matters
The stimulus check is designed to provide financial assistance to those who have been impacted by the COVID-19 pandemic. The income thresholds are in place to ensure that the money goes to those who need it the most. Higher-income earners may not receive the full amount or any amount at all in order to direct the funds towards those who need it the most.
Conclusion
It’s important to understand the income eligibility criteria for the third stimulus check. If you are eligible, you can expect to receive $1,400 or $2,800, depending on your filing status. The stimulus check is meant to help those who have been impacted by the pandemic, so it’s important that the funds go to those who need it the most. If you have any questions about your eligibility, you can check the IRS website for more information.
The Possible Timeline for the Distribution of the Third Stimulus Check
The third round of stimulus checks for COVID-19 relief has already been signed into law. Millions of Americans are eagerly waiting for the stimulus payments to hit their bank accounts or mailboxes. The following subtopics will discuss the possible timeline for the distribution of the third stimulus check.
Possible Timeline for the Third Stimulus Check
- The IRS began processing the payments on March 12th, 2021.
- Some individuals may have already received their stimulus payments as Direct Deposits.
- Payments by mail will begin in the coming weeks. If you haven’t received your payment yet either through direct deposit or mail, you can go to the Irs.gov website and use the “Get My Payment” tool.
Factors that Could Affect the Timeline
The distribution process for the third stimulus check has some unique challenges. Some people may receive their payments faster than others depending on their circumstances. Here are some factors that could affect the timeline:
- The IRS has to prioritize stimulus payments for individuals who have filed their 2019 or 2020 taxes and have included direct deposit information. Those who didn’t file a tax return in either year may have to wait a little longer to receive their payments.
- The IRS also has to coordinate with the Social Security Administration and other agencies to distribute payments to people who are retired, disabled, or receiving Supplemental Security Income (SSI).
- The IRS also has to deal with issues like fraud prevention, which could cause further delays.
Payment Schedule for the Third Stimulus Check
The IRS has not yet released a payment schedule for the third stimulus check. However, here is a table showing the payment schedules for the first two stimulus checks as an example:
| Stimulus Check | Payments Started | Payments Ended |
|---|---|---|
| First Stimulus Check | April 15, 2020 | January 15, 2021 |
| Second Stimulus Check | December 30, 2020 | January 15, 2021 |
It is important to note that the payment schedule for the third stimulus check may not follow the same timeline as the first two checks.
In conclusion, the timeline for the distribution of the third stimulus check is still somewhat uncertain, but it is clear that the IRS is working as quickly as possible to get the payments to eligible Americans. Those who haven’t yet received their payments should keep an eye on the IRS website for more information and updates on the payment schedule.
Factors influencing the amount of stimulus check received
With the third stimulus check, many people are wondering if minors will also be eligible to receive money. The good news is, yes, minors can receive a stimulus check if they meet the eligibility criteria. However, the amount they get may vary based on the following factors:
- Age: Minors who were claimed as dependents in 2020 or 2021 may be eligible for up to $1,400 per child. Children who are 17 years old or older are not eligible for payment.
- Income: The IRS uses the adjusted gross income of the parents or guardians to determine the amount of stimulus payment a minor can receive. If the parents’ or guardians’ income is below $75,000, the minor can receive the full $1,400 payment. However, if the parents’ or guardians’ income is above $75,000, the payment may be reduced.
- Dependent status: To be eligible for the third stimulus payment, a minor must have been claimed as a dependent on the 2020 or 2021 tax return of a parent or guardian.
- Tax filing: If the minor did not file a tax return in 2020 or 2021, they can still receive the payment if they are claimed as a dependent on someone else’s tax return.
- Citizenship status: Minors who are U.S. citizens, U.S. nationals, or residents can receive the payment.
- Incarceration status: If the minor is incarcerated, they are not eligible for the payment.
- Related to a government official: Minors who are related to a federal or state government official are not eligible for payment.
If you are a parent or guardian of a minor who meets the eligibility requirements, make sure to include them in your tax return and claim them as a dependent. The stimulus payment can help cover expenses such as education and child care costs.
It’s essential to note that the payment is not taxable and will not affect the minor’s eligibility for government benefits such as Medicaid, SNAP, or TANF. For more information on the eligibility criteria and payment timelines, visit the IRS website.
Will Minors Get the Third Stimulus Check?
1. Can minors receive the third stimulus check?
Yes, minors are eligible to receive the third stimulus check as long as they meet the eligibility criteria.
2. What is the eligibility criteria for minors to receive the third stimulus check?
The eligibility criteria for minors to receive the third stimulus check is the same as that for adults. The child must be a U.S. citizen or a resident alien with a valid Social Security number, and they must not be claimed as a dependent on someone else’s tax return.
3. How much will minors receive in the third stimulus check?
The amount of the third stimulus check for minors is based on the same criteria as for adults. The child will receive $1,400 if they are claimed as a dependent on someone’s tax return. If they are not claimed as a dependent, then they will receive the full amount of $1,400.
4. Who will receive the third stimulus check for minors?
The third stimulus check for minors will be sent to the parents or legal guardians of the child. The parent or legal guardian will then be responsible for giving the money to the child.
5. What if my child did not receive the first two stimulus checks?
If your child did not receive the first two stimulus checks, then they may still be eligible to receive the third stimulus check. However, you will need to file a tax return for them and claim the Recovery Rebate Credit.
6. When will the third stimulus check for minors be sent out?
The third stimulus check for minors is expected to be sent out in April 2021. However, the exact date may vary depending on various factors such as the IRS processing time.
Closing Thoughts
We hope this article has helped answer your questions about whether minors will get the third stimulus check. If you have any more questions, feel free to visit our website for more information. Thanks for reading!