Some People Won’t Qualify for the Check at All
As we mentioned before, Congress decided that the third stimulus package should be focused on targeting individuals and families with lower incomes. As such, the new income cap that they agreed upon could mean you’d be disqualified from receiving any money, or it could mean you’ll receive less than what the House and Senate agreed to send out.
The income caps for the first two checks looked like this:
• Single taxpayer who makes less than $75,000
• Head of household who makes less than $112,500
• Married couple filing jointly who make less than $150,000
The new income caps look like this:
• Singles phase out at AGIs between $75,000 and $80,000.
• Heads of household phase out at AGIs between $112,500 and 120,000.
• Couples phase out at AGIs between $150,000 and $160,000.
1 thought on “10 Things You Need to Know About the Third Stimulus Check Right Now”
Are Real Estate Sales agents, with incomes well below $ 75,000. For many years, entitled to receive the $1,400. Stimulus check. This time?