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Third Stimulus Check: 9 Ways You Can Get More Money This Time



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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

While the Senate focuses on Donald Trump’s impeachment process begins on Tuesday (here is how to watch for free), the House of Representatives is spending the week building President Joe Biden’s $ 1.9 trillion stimulus proposal in an account – including details for one third stimulus check. As expected the payment maximum will be $ 1,400 per person, but there may be new rules make your household much more money.

Depending on how Congress decides “target” the new checks – for example, if there is an absolute income barrier to eligibility – tens of millions of families could see the size of their next payment balloon. Others would get less money on a third check, or none at all. Until the House and Senate negotiate a final version of the bill, we will not know all the details, including whether a $ 1,400 stimulus check will assume a new formula for calculating the payment.

In addition, one change in stimulus qualifications or new living conditions can also lead to one greater third party control than you in the second round. We will go through some hypothetical situations that may arise. This story was recently updated.

Each dependent could count for $ 1,400

Child dependent persons don’t get their own checks, but on the first check they counted $ 500 each, and the second round gave households an additional $ 600 per child 16 and under.

The third stimulus check could increase the amount to $ 1,400 each, The Washington Post reported, toward the family total. So in theory a family of four who met all income requirements could receive up to $ 5,600 in total (calculate your estimate here). 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 third check

Who counts as a dependent? The definition in the next stimulus package could change the answer. For the first and second checksDependent person means any child aged 16 or younger. But a growing chorus of voices, including Biden’s, is trying to extend the definition to anyone you can lay claim to your tax returns – such as children over 16 years old and older adults under your care. This also applies to dependent children of any age with a disability. This week, Parliament is considering extending the definition to all dependents.

If Congress passes Biden’s proposal – and again, all of this is still moving – that could make your family more money by increasing the number of total dependents. It’s not clear whether the new qualifications would only apply to people excluded in the first two rounds, as catching up, although that was not part of the public conversation.

If you have a new dependent, your family may get more money

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

Families considered ‘mixed status’ may be eligible for benefits this time

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 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 is different 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 are submitting a joint application for the first time?

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 been eligible for up to $ 2,400 since then 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 dependent can have an effect

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? The situation is unsettled, 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 from 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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