Discover The Details: How Much Was The Third Stimulus Check?

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Third Stimulus Checks: How Much Did You Get?

Did you know that the third round of stimulus checks was sent out earlier this year? Many people are still wondering how much they received, so here's a breakdown of the amounts:

How Much Was the Third Stimulus Check?

The amount of the third stimulus check depended on your income and filing status. Here's a breakdown:

  • Single filers with incomes up to $75,000 received $1,400.
  • Married couples filing jointly with incomes up to $150,000 received $2,800.
  • Dependents under the age of 18 also received $1,400.

Why Did the Amounts Vary?

The amounts of the stimulus checks varied based on income to target those who were most affected by the economic impact of the pandemic.

Summary

The third round of stimulus checks provided much-needed financial assistance to many individuals and families during the COVID-19 pandemic. The amounts varied depending on income and filing status, with the maximum amount being $1,400 for individuals and $2,800 for married couples filing jointly.

How Much Was the Third Stimulus Check?

The American Rescue Plan Act of 2021 provided a third round of stimulus checks to eligible Americans. The amount of the third stimulus check was based on the following factors:

  • Filing status
  • Adjusted gross income (AGI)
  • Number of dependents

The maximum amount of the third stimulus check was $1,400 for individuals and $2,800 for married couples filing jointly. The amount of the check was reduced for higher-income earners.

Stimulus Check

Source: IRS

Eligibility for the Third Stimulus Check

To be eligible for the third stimulus check, you must have met the following requirements:

  • You must have a valid Social Security number.
  • You cannot be claimed as a dependent on someone else's tax return.
  • Your AGI must be below certain limits.

The AGI limits for the third stimulus check were as follows:

  • $75,000 for single filers
  • $112,500 for head of household filers
  • $150,000 for married couples filing jointly

How to Claim the Third Stimulus Check

If you did not receive the third stimulus check automatically, you can claim it on your 2021 tax return. You can use the Recovery Rebate Credit to claim the missing stimulus check.

The Recovery Rebate Credit is available to eligible taxpayers who:

  • Did not receive the full amount of the third stimulus check.
  • Received a stimulus check but it was less than the full amount.
  • Did not receive a stimulus check at all.

To claim the Recovery Rebate Credit, you must file a 2021 tax return. You can use the IRS website or tax software to file your return.

Conclusion

The third stimulus check was a one-time payment that was designed to provide financial relief to eligible Americans. The amount of the check was based on a number of factors, including filing status, AGI, and number of dependents. If you did not receive the full amount of the third stimulus check, you can claim it on your 2021 tax return using the Recovery Rebate Credit.

Video What you need to know about the 3rd stimulus check