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Incentive Checks Compared: What’s New, Same and Different with the 3 Payments



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The three stimulus controls differ greatly.

Sarah Tew / CNET

The third stimulus check contours come into focus. The proposed next payment is part of one $ 1.9 trillion stimulus package Are Congressional Democrats rush to pass mid March. Lots of details around the third payment — including who would qualify and when the IRS could start sending it – has yet to be dealt with. But we know enough about the form of the third stimulus check that we can compare it with the first two payment rounds to see what looks new and what looks familiar to you.

To enter an opening federal unemployment benefits due to expire on March 14, Congress is rushing to finalize the bill by that date. In addition to extending unemployment benefits through August, the sweeping bailout is planned Divide $ 1,400 payments to individuals and dependent persons, add funding for Distribution of COVID-19 vaccines and possibly the federal minimum wage up to $ 15 an hour

The details of the first two payments are known. The third check, not so much. However, by reading the current version of the House Bill (PDF), we have a good idea of ​​what the final details of the third check might look like. This is how the three controls are similar and different.


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Stimulus Check # 3: What You Need to Know


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Stimulus controls, side by side – and a joker

Although we have many of the proposed details around 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 if the agency can’t flip these third payments in a few days, as with the second stimulus payments, or if there could be a delay.

Three stimulus controls compared

Third check (in the making) Second check Check first
Maximum total (per adult)

$ 1,400

$ 600

$ 1,200

Dependencies (fixed rate)

$ 1,400 (any age)

$ 600 (16 and under)

$ 500 (16 and under)

Income to receive maximum amount

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 must know about 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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