However, there’s also bad news. People who are at certain income levels could face a reduction. Your third stimulus check could be reduced to zero if you’re a single filer with an AGI above $75,000. Married joint filers with an AGI exceeding $150,000 will also see a decrease in payment. And, in case you’re the head-of-household, your third stimulus payment will be minimized if your AGI is $112,500.
Those who exceed these thresholds are not entitled to get the third stimulus check. Ahh, and don’t forget that Uncle Sam will actually determine the amount based on your 2019 or 2020 tax return. If your 2020 tax return isn’t processed in time and the income information is different from your 2019 tax return, the IRS will send you the rest of the money later on.
So, will you get the full amount?
