![]() If you're married and file a joint tax return, the amount of your stimulus check will drop if your AGI exceeds $150,000. Your check will be gradually reduced to zero if you're single with an adjusted gross income (AGI) above $75,000. Stimulus payment amounts will be phased-out for people at certain income levels. So, for example, a married couple with two children can get up to $5,600. If you have dependents, you get an additional $1,400 for of them. If you're married and file a joint tax return, then both you and your spouse will get $1,400 (for a total of $2,800). To calculate the amount of your check, Uncle Sam will start with that $1,400 figure. Your check could actually be much higher or lower. You probably heard that your third stimulus check will be for $1,400 - but it's not that simple. Each spouse should check the IRS's "Get My Payment" tool separately using their own Social Security number to see the status of their payments.Īnswer: Everyone wants to know how much money they will get. Half may come as a direct deposit and the other half will be mailed to the address the IRS has on file. If a joint tax return is filed, a married couple could get two separate third stimulus payments. Some married couples could also get two payments. So, for example, if you received a $700 third stimulus check based on the information found on your 2019 return, filed your 2020 tax return later, and your third stimulus check would have been for $800 if it was based on information from your 2020 return, then the IRS will send you a second payment for the $100 difference. The IRS is calling these "plus-up" payments, and they'll only be sent if your regular stimulus check would have been higher if it was based on your 2020 tax return (instead of on your 2019 return or some other information obtained by the tax agency). However, some people will receive a supplemental payment if their 2020 tax return is filed and/or processed after the IRS sends them their regular third stimulus check. This is not a "recurring" payment situation. Question: How many third-round stimulus checks will I get?Īnswer: As with the first two round of checks, the legislation authorizing the third round of payments only calls for one payment. ![]()
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