Legal Information

COVID-19 and Stimulus Payments (Economic Impact Payments)

Taxes

Last updated on 06/09/2021 at 2:47 pm

Introduction

In March 2021, Congress passed the American Rescue Plan Act to help people get through COVID-19.  One major part of this law provides another round of direct stimulus payments to Americans.  These stimulus payments are paid through the IRS.  The IRS calls them Economic Impact Payments.  Since the COVID-19 pandemic started, there have been 3 rounds of stimulus payments

  1. Under the first round of stimulus payments that started in April 2020 individuals received $1,200, while couples could get up to $2,400.  Children under 17 could get $500 each.
  2. In December 2020, Congress passed another law to provide a second round of stimulus payments that were paid starting in January 2021. Under the second round, an adult who makes up to $75,000 a year will get a $600 stimulus payment, or a couple earning up to $150,000 a year will receive $1,200. Children under 17 could get $600 each this time. 
  3. In March 2021, the American Rescue Plan Act passed, which provides a third round of stimulus payments that have already begun to be sent out by the IRS. Similar to the previous payments, there is an income limit of $75,000 per filer or $150,000 for married couples to receive the full payments.  Individuals within the income limit are eligible for a payment of $1,400. Couples within the limit are eligible for  $2,800.   Additionally, children and dependents, including older dependents, are eligible to receive $1,400. These payments begin to phase out for individuals who earn over the income limits and some individuals may not be eligible based on income. 

Many people have already gotten their payments. But some people haven’t.   

People have a lot of questions about these payments.  We’ll try to answer them.  We’ll update this information as we learn about changes or clarifications.

Information about these payments changes quickly. For the most up-to-date information, go to the IRS Economic Impact Payment Information Center

WHO GETS THE STIMULUS PAYMENT?

I received the other stimulus payments in 2020 and early 2021. Am I eligible for the third round of stimulus payments in Spring 2021?

What are the income limits and how much are the payments for the third round of stimulus?

I Have A Child In College. Can She Get A Stimulus Payment?

HOW ARE PAYMENTS MADE AND WHEN WILL THEY COME?

How will I get my payment?

When will I get the third stimulus payment?

I did my 2019 taxes through TurboTax or H&R Block and still haven’t received my second stimulus payment, what can I do?

Where can I check to see the status of my stimulus payment?

What if I check the status of my stimulus check and I receive a message that says it is ‘Unavailable’?

What if I didn’t get the first stimulus payment in 2020 and I haven't gotten the second stimulus payment in 2021? Can I still get these payments?

What should I do if I missed the May 17, 2021 tax filing deadline?

Is there a penalty for filing my tax return late?

I get income from the SSA, VA or Railroad Retirement. I got my first and second stimulus payments, but it didn't include a payment for children in my household. Why? Can I go anything to get the child payment?

If I had a child in 2020, how can I let the IRS know so that I get the child payment for my stimulus payments?

What if I have guardianship over children or am a foster parent; am I still entitled to the third stimulus payment?

What if I moved before I received my expected refund check or refund prepaid card? How do I let the IRS know?

IMPACT OF STIMULUS PAYMENTS

Will Stimulus Payments Be Counted Later Against My Food Stamps or Medicaid or HUD Assistance?

Will The Stimulus Payment Be Counted As Taxable Income?

Will My Third Stimulus Check Be “Intercepted” To Pay Back Taxes, Student Loans, Or Another Debt To A Federal Or State Agency?

Can the money from my third stimulus payment be taken out of my bank account by a creditor?

Will scammers and fraudsters try to cheat me out of my Stimulus Payment?

Will My Third Stimulus Check Be “Intercepted” To Pay Back Taxes, Student Loans, Or Another Debt To A Federal Or State Agency?

What if I received a stimulus payment for someone who died?

If a nursing home or assisted living residence manages the individual’s money, is it permitted to use the Economic Impact Payment to settle a past due account or for other expenses?

What about individuals for whom Social Security has appointed a representative payee?

What if an individual believes someone is misusing the Economic Impact Payment belonging to a long-term care resident?