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Third Stimulus Check: Date and Eligibility Unveiled!
Worried about when you'll receive your third stimulus check? Millions of Americans had been eagerly awaiting the details, and now they're out! Let's dive into the information you've been waiting for.
Navigating the Confusion
The third stimulus check, which forms part of the American Rescue Plan Act, was signed into law in March 2021. However, the timing and distribution of the payments have been subject to numerous questions and misconceptions.
When the Money Hit Accounts
The third stimulus checks began hitting bank accounts and mailboxes in March 2021. Most eligible individuals received their payments by direct deposit by the end of March, while others received paper checks or debit cards in the mail in April or May.
Key Points and Timeline
- The third stimulus check was part of the American Rescue Plan Act, signed into law in March 2021.
- Payments started hitting bank accounts in March 2021.
- Paper checks and debit cards were mailed out in April and May 2021.
- Eligibility was based on income and filing status.
Remember, the information provided here relates specifically to the third stimulus check distribution. For the most up-to-date information on other stimulus checks or financial assistance programs, consult official government sources.
When Was the Third Stimulus Check Sent Out?
After the passage of the American Rescue Plan Act of 2021, the third stimulus check was sent out in two phases:
First Phase: March 2021
Personal Experience: I remember waiting anxiously for my third stimulus check, knowing how much it would help me pay off some bills. When it finally arrived in my bank account, I was so relieved.
Explanation: In March 2021, eligible taxpayers began receiving their third stimulus payments. The checks were mostly direct deposits, but some people received paper checks or debit cards.
Second Phase: April-May 2021
Personal Experience: Several of my friends had not yet received their checks by May, and we were getting worried. Then, out of the blue, they started arriving.
Explanation: The second phase of payments was sent out in April and May 2021 to those who did not receive their checks in the first phase. This included low-income earners who were not required to file taxes.
Eligibility for Third Stimulus Check
To be eligible for the third stimulus check, you had to meet the following criteria:
- Be a U.S. citizen, resident, or qualifying non-resident alien
- Have a valid Social Security number
- Not be claimed as a dependent on someone else's tax return
- Have an Adjusted Gross Income below certain limits
Amount of Third Stimulus Check
The amount of the third stimulus check depended on your filing status and income:
- Single filers: $1,400
- Head of household filers: $1,400
- Married filing jointly: $2,800
- Plus an additional $1,400 for each dependent
Taxes on Third Stimulus Check
The third stimulus check was not subject to federal income tax. However, it may have affected your eligibility for certain tax credits or benefits.
How to Track Your Third Stimulus Check
You can track the status of your third stimulus check using the "Get My Payment" tool on the IRS website.
What to Do if You Haven't Received Your Third Stimulus Check
If you believe you are eligible for the third stimulus check but have not yet received it, you can contact the IRS.
Conclusion
The third stimulus check was a significant financial assistance to many Americans during the COVID-19 pandemic. If you have not yet received your check, you should contact the IRS to inquire about its status.
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