$1,400 Stimulus Checks announced in American Rescue Plan—What You Need To Know

The House of Representatives officially passed the American Rescue Plan this weekend—which includes third round stimulus checks for qualifying individuals.

The 1.9 trillion stimulus bill also includes financial aid and federal subsidies aimed at alleviating the economic toll on businesses and unemployed individuals affected by the COVID-19 pandemic.

This third stimulus check will provide up to $1,400 for a single taxpayer, $2,800 for married couples and $1,400 for dependents. For the first time, adults over 18 years are considered eligible dependents.

How much will I receive and when?

$1,400 checks will go to individuals who earned up to $75,000 annually, and married couples with annual income up to $150,000.

Stimulus checks will also be provided to individuals who earn less than $100,000 (or married couples who earn less than $200,000). The total amount received will be reduced, and calculated based on total annual income.

If the IRS keeps pace with previous timelines, Americans could expect to receive their stimulus checks as soon as late March to early April.

However, the bill still requires Senate approval. If any changes are required by the Senate Americans could experience delays on the issuance of the third stimulus check.

Can I still apply for the first and second round stimulus checks?

If you have not yet received a stimulus check, or think you received the wrong amount, you can apply for a Recovery Rebate Credit when you file your taxes.

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

September 16, 2021
Are disability benefits cuts a possibility? How to prevent this or know what to do if it happens to you.

If you apply for disability benefits and are accepted, what are the chances of your benefits being cut? The good news is that there is not a very high chance of this happening.  Possible ways to lose Social Security disability benefits could include if you have significant medical improvement, or simply if you make too […]

Read More
March 11, 2021
Thinking Of Going Back To School? You May Qualify To Receive Up To $6,345* Per Year In College Grants

There is a grant funding available that is helping people who qualify with college costs. Because these are granted funds for your education, if you graduate you may not have to pay any of it back!** Are you ready to find out if you qualify? Disclosure Clicking the "Yes, Let's Begin" button above will take […]

Read More
March 9, 2021
Social Security Disability Benefits

Are you eligible for social security disability? People belonging to disability and social security space are more likely to experience economic hardships. Although some can work, most of them tend to face a significant challenge trying to get a job compared to people without disabilities. Individuals who have no or limited capacity to work due […]

Read More
We provide resources and information on the financial and health support government assistance programs available in the United States.
APPLY NOW
Copyright © 2020 BenefitsClaim.com
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram