For single filers, the stimulus payment equals zero if they have the AGI above $80,000 (exceeding $160,000 for joint filers). When it comes to head-of-household filers, if their AGI is over $120,000, they can say bye-bye to stimulus payments.
However, you might still be able to claim a Recovery Rebate credit on your 2021 tax return, especially if your 2021 AGI is less than your 2019 or 2020 AGI. For instance, if you’re a single filer and your last year’s AGI was above $80,000, you won’t qualify for the third stimulus check. Still, maybe your income has dropped this year under $75,000, meaning that you’re entitled to claim a $1,400 Recovery Rebate credit on your 2021 tax return.
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1 thought on “7 Likely Reasons Why Your 3rd Stimulus Payment Could Be Late”
I am 76 years old and I depend on my SS Check every month. It is what I survive with when it arrives if it ever arrives. I don’t understand why it takes so long to arrive. Thank you if you send me a response.
Sincerely,
Iris B.