The three stimulus controls follow different paths.
Sarah Tew / CNET
The proposed payment of $ 1,400 is part of one $ 1.9 trillion stimulus package Which just past the house and they are Democrats push to approve mid March. In addition to dividing $ 1,400 payments to individuals and dependent persons, the lump sum is set to Renew unemployment benefits to add funding for August Distribution of COVID-19 vaccines and possibly the federal minimum wage up to $ 15 an hour
We know how Congress designed the first two payments to help troubled families and boost the economy. By reading the just-passed version of the House Bill (PDF), we also have a good idea of how Congress plans to achieve the same goals with the third checkHere’s how the three controls are similar and different.
Look at this:
Stimulus Check # 3: What You Need to Know
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No stimulus control is the same as the other
Congress has adjusted the amount and other details of the incentive checks with each round it approves. Although we have many of the proposed details of the third stimulus check, there is one joker. The IRS is in the in the middle of the tax return season, so it’s unclear whether the agency might not be able to do that flip these third payments in a few days, as with the second stimulus payments, or if a delay could occur.
Three stimulus controls compared
| Third check (in the making) | Second check | Check first | |
| Maximum total (per adult) |
$ 1400 |
$ 600 |
$ 1,200 |
| Dependencies (fixed rate) |
$ 1,400 (any age) |
$ 600 (16 and under) |
$ 500 (16 and under) |
| Income to receive maximum |
Less Than: $ 75,000 (single); $ 112,500 (householder); $ 150,000 (married) |
Less Than: $ 75,000 (single); $ 112,500 (householder); $ 150,000 (married) |
Less Than: $ 75,000 (single); $ 112,500 (householder); $ 150,000 (married) |
| Upper limit for one taxpayer |
$ 100,000 |
$ 87,000 |
$ 100,000 |
| Upper bound of the head of the household |
$ 150,000 |
$ 124,500 |
$ 146,000 |
| Joint submission upper limit |
$ 200,000 |
$ 174,000 |
$ 198,000 |
| Citizenship |
Mixed-status families, where one member has a social security number |
Citizens and non-citizens with a social security number |
Citizens and non-citizens with a social security number |
| Date approved |
No later than March 14 |
December 27, 2020 |
March 27, 2020 |
| First payments sent |
To be determined |
December 29, 2020 |
April 13, 2020 |
| Final payments made |
December 31, 2021 |
February 16, 2021 |
February 16, 2021 |
| Number of payments made |
To be determined |
More than 147 million |
More than 160 million |
| Total amount distributed in dollars |
To be determined |
$ 142 billion |
$ 270 billion |
For more information, here’s what you need need to be aware of stimulus checks today, including how to claim any missing incentive money on your 2020 tax return and how track your tax refund online
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