When are stimulus checks going out? This is a question that has been on the minds of many Americans since the COVID-19 pandemic began. With the government implementing various economic relief measures, stimulus checks have become a lifeline for many individuals and families. Understanding the timeline and eligibility criteria for these checks is crucial for those who are counting on them to stay afloat during these unprecedented times.
The first round of stimulus checks, known as the Economic Impact Payments, was authorized by the CARES Act in March 2020. These checks were designed to provide financial assistance to individuals and families affected by the pandemic. The second round followed in December 2020, and a third round was approved in March 2021. Each round had its own set of rules and eligibility requirements.
When are stimulus checks going out for the third round?
The third round of stimulus checks were sent out in April 2021. Most eligible individuals received their checks through direct deposit, while others received them by mail. The timeline for the distribution of these checks was as follows:
1. Early April 2021: Checks were sent to individuals who had already provided their bank account information to the IRS.
2. Mid-April 2021: Checks were sent to individuals who had not provided their bank account information but had filed their 2019 or 2020 tax returns.
3. Late April 2021: Checks were sent to individuals who had not filed their tax returns or had not provided their bank account information.
Eligibility for stimulus checks:
To be eligible for a stimulus check, individuals must meet certain criteria. For the third round, the following conditions applied:
1. Individuals with a Social Security number who are at least 17 years old and have a qualifying income.
2. Taxpayers who are married filing jointly with a qualifying income.
3. Non-filers, including individuals who are not required to file a tax return but have qualifying income.
The amount of the stimulus check depends on the individual’s filing status, age, and income. Single filers with an income of up to $75,000 were eligible for the full amount of $1,200. Married couples filing jointly with an income of up to $150,000 were eligible for $2,400, and heads of household with an income of up to $112,500 were eligible for $1,200. Additionally, qualifying children under the age of 17 were eligible for an additional $500 each.
What if I didn’t receive my stimulus check?
If you believe you are eligible for a stimulus check but have not received it, there are several steps you can take:
1. Check your bank account or mail for a notice from the IRS.
2. Use the IRS’s “Get My Payment” tool to check the status of your stimulus check.
3. If you have not filed a tax return, you can use the IRS’s Non-Filer Tool to register for a stimulus check.
4. If you still have not received your check, contact the IRS directly or seek assistance from a tax professional.
Understanding when stimulus checks are going out and how to navigate the eligibility process is essential for those in need of financial assistance during these challenging times. By staying informed and taking the necessary steps, individuals can ensure they receive the support they deserve.
