Congress is getting closer to passing President Joe Biden’s $1.9 trillion New Stimulus Check. Which would be likely to be called a Third Stimulus Check. Qualified individuals could earn up to $1,400 each.
Similar to the first two rounds of stimulus checks, countless people are waiting to see if they are officially qualified for this payment. Or if they’ll be neglected completely. Any minor change between now and also the time the bill is signed could make big difference in ineligibility.
Here is some information you may want to check out about the New Stimulus Check round.
The New Stimulus Check
With the new bill, Biden seeks to qualify more people that were neglected in the first and second rounds. However, a “targeted” stimulus check could also mean many folks who were eligible for the previous payments won’t be eligible this time around.
Here’s what you will need to know whether you will be disqualified from receiving the Third Stimulus Check. Also, here’s what is going to happen if this New Stimulus Check arrives in the middle of tax season.
Individuals with an AGI over $100,000
The new stimulus check could begin to end after $75,000, per the “targeted” stimulus plan. If your adjusted gross income (AGI) is $100,000 or over, you will not be eligible for the third payment of any amount.
However, if you earn between $75,000 and $100,000, then you could get part of the check. You could receive the complete amount if your yearly income is under $75,000 for the year.
Heads of Households Who Make $150,000 or More
People who don’t file jointly and claim a dependent with an AGI of $150,000 or more are not eligible. In order to receive parts of the New Stimulus Check payment, you are required to earn between $112,500 and $150,000.
But to receive the complete amount, you are required to make below $112,500 if you are the head of household.
Married Couples Filing Jointly Who Make $200,000 or More
You are not eligible if you are a married family filing jointly and have an AGI of $200,000 or higher under the new proposal. In order to qualify for the complete $1,400 payment, your combined household income would require to be lower than $150,000.
Non-US Citizens or ‘Nonresident Aliens’ – The New Stimulus Check
If you’re considered a nonresident alien by the IRS, you will not be included in the Third Stimulus Check. The govt. defines a nonresident alien as someone who “has not passed the green card test or the substantial presence test.” For instance, if you’re studying abroad within the US.
With the other rounds of stimulus check, noncitizens needed to possess a Social Security number. And live and work in the US to qualify for a payment.
However, the second check amended the principles to permit families with a noncitizen spouse to qualify for a second stimulus check. Even if they’re issued a taxpayer identification number (ITIN) by the IRS and not a Social Security number.
More Related Posts
- Stimulus Check 2020 – Status of Stimulus Check 2020 – Where’s My Stimulus Check 2020 IRS
- Stimulus Check Status: How to Track the Status of Your COVID-19 Stimulus Check
- Missing Stimulus Check 2021 – How to Track the Status of Your Stimulus Check
- Stimulus Check Dependents – Eligible Dependent For First And Second Stimulus Checks
- Stimulus Check Status: How to Track the Status of Your COVID-19 Stimulus Check
