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The 9 Ways a Third Stimulus Check Could Make You More Money



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Perhaps more incentive money will come your way. Here are all the ways you can see a bigger third payout.

Sarah Tew / CNET

Congress is working this week to determine the details of President Joe Biden’s $ 1.9 trillion stimulus proposaland the third stimulus check that would probably be part of it. While we don’t know all the details yet, it seems that several rule changes can occur bring your family more money. Depending on how Congress decides focus on the new checks (for example, they only go out to people who earn below a certain income threshold), you could see a much bigger payout, or be left out altogether this time.

We won’t know exactly what’s going to happen until lawmakers pass a final version of the bill. If a $ 1,400 stimulus check is approved and the same follows formula as the first two payments, it would in general, many households generate more money, compared to the second incentive payment. But with the talk of smaller income limits, there may be a lower cut-off point to qualify.

Yet one change in stimulus qualifications or a new development in your own living conditions can take care of you and your family too more money in a third payment than you in the second round. We will go through some hypothetical situations that may arise. This story was recently updated.

Dependents can qualify for $ 1,400 each

More dependents – including teens over 16, young adults and older adult family members – could qualify for a third stimulus check, and could also qualify for a higher reimbursement than a child dependent persons got with the first check (up to $ 500) and the second (up to $ 600).

Biden’s proposal would also count each dependent at $ 1,400 each, The Washington Post reported. However, this money would be added to the family’s total payment – it wouldn’t come as a separate check for those dependents. So in theory a family of four who met all income requirements could receive up to $ 5,600 in total.

It is not clear whether there would be a limit to the number of dependents you could claim in this situation.


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More dependents may qualify for a blanket check

Who counts as a dependent? That depends on the definition in it next stimulus package. For the first and second checks, a dependent is any child aged 16 or under, but previous Democrats proposals seek to extend the definition to anyone you can rely on your tax returns – such as children over 16 years old and adults in your care.

If Congress approves Biden’s proposal – and again, all of this is still moving – that could make your family more money by increasing the total number of dependents, including students, dependent children with disabilities over the age of 17, and older adults.

It is also not clear whether the new qualifications would only apply to people excluded in the first two rounds, as a catch-up, or whether every third stimulus check would also include a new injection of cash per person. Try our third stimulus check calculator for an estimate.

Having a new dependent can give your family more money

If you have had or adopted a new child, if an older relative moves in, or if for any reason you get a dependent since the last check, you may see a larger check because you added a new dependent since the last round of stimulus .

Families considered ‘mixed status’ may be eligible for benefits

According to Biden’s incentive plan, more families considered “mixed status” qualify for a stimulus check. The second payment broadened the rules for the first check by making it possible for families where a spouse is a US citizen to qualify for a check. Biden’s proposal would work with more scenarios; For example, it could potentially raise cash for incentive vouchers for a household of US children with non-citizen parents.

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Have you recently gotten married or had a baby? That could bring in more money in a third stimulus payment – possibly as early as March.

Sarah Tew / CNET

If your work situation changes this year, it may affect your payment

If you became unemployed or your wages fell this year, you could lower your adjusted gross income, which is used to determine your payment. For example, if you get a partial payment on the first or second check, a third check can get you a full payment when you are no longer employed.

What happens if you are just married and apply together?

Depending on several variables, including your spouse’s application status and any new dependents, a change in marital status can result in greater scrutiny. For example, if you were single and filed alone, you would have received up to $ 1,200 the first time. Married, you have since become eligible for up to $ 2,400 the IRS formula used to determine your total incentive money is based on your combined family income.

If a third stimulus check comes in for $ 2,000 per person, your spouse can double it to $ 4,000. Alternatively, if your AGI staff would you only have one partial stimulus check payment If you are self-filing with a spouse with an income below the threshold, you may be eligible for the entire check total.

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With a third check, your incentive money can add up.

Sarah Tew / CNET

Sharing custody of a child can affect your payment

If you meet certain qualifications, you and the other parent of the child both can claim extra incentive money. That means you could get an extra $ 500 or more on the third stimulus check, especially if something in your situation has changed between when you file your 2019 tax return and your future 2020 return. The third check fee would be based on your most recent tax return.

A rule change involving inmates can become permanent

That has been determined by a federal judge the IRS owes incentive checks to eligible prison inmates. If the ruling is in effect, these people may be entitled to a third stimulus check and the first two, with possibly more money for dependents.

Incentive checks for undocumented migrants? Has not been established, but seems unlikely

Democrats have suggested that Undocumented US residents should be eligible for incentives money if they pay tax (via an ITIN number). This provision was part of the Heroes Act that passed the House of Representatives in two forms, but it did not become law. Currently, you must have a Social Security number to be eligible for a stimulus check.

If there is a third stimulus check, it would mean that this group could potentially get a check for thousands of dollars. However, it seems unlikely that this will happen: On February 4, the Senate passed an amendment blocking stimulus payments by undocumented immigrants. (This does not affect eligibility for families of mixed statusWhile the amendment is not binding, it seems unlikely that senators will change their position now that they are known, The Hill said.

Here everything else is you must know about stimulus checks today, including how to claim any missing incentive money on your 2020 tax return, and how contact the IRS about your missing payment.


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