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These payments were authorized by Congress in the American Rescue Plan Act, enacted on March 11, 2021. For those who haven't received a payment yet, here are answers to some common questions about this set of stimulus payments, which differ in some ways from the first two sets of stimulus payments in 2020, referred to as EIP1 and EIP2.
Mar 12, 2021 · No action is needed by most taxpayers; the payments will be automatic and, in many cases, similar to how people received the first and second round of Economic Impact Payments in 2020. People can check the Get My Payment tool on IRS.gov on Monday to see the payment status of the third stimulus payment.
Mar 11, 2021 · Your check could actually be much higher or lower. To calculate the amount of your check, Uncle Sam will start with that $1,400 figure. If you're married and file a joint tax return, then both you ...
- Rocky Mengle
Mar 6, 2021 · Yes. But payments phase out quickly as adjusted gross income rises. For single filers, the checks decrease to zero at $80,000. For heads of household, the cutoff is $120,000. And for joint filers ...
- Tara Siegel Bernard
People also ask
Will the stimulus payments be automatic?
When will I receive my third stimulus check?
Will there be a third round of stimulus payments?
Can a third stimulus check be a recurring payment?
Mar 6, 2021 · A stimulus check from the December 2020 round of economic impact payments. STRF/STAR MAX/IPx/AP Images On Thursday, President Joe Biden signed the American Rescue Plan — a $1.9 trillion stimulus ...
Mar 5, 2021 · The White House said he plans to enact the $1.9 trillion Covid-19 package on Friday. It would provide the third round of stimulus checks — after the $1,200 payments last March and the $600 ...
