![]() ![]() As a result, your third stimulus check may have been higher or lower depending on when you filed your 2020 tax return. If your 2020 return was filed and/or processed after the IRS sent you a third stimulus check, but before December 1, 2021, the IRS sent you a second "plus-up" payment for the difference between what your payment should have been if based on your 2020 return and the payment actually sent based on your 2019 return. If your 2020 return was already filed and processed when the IRS was ready to send your payment, then your stimulus check eligibility and amount was based on the information on your 2020 return. If your 2020 tax return wasn't filed and processed by the IRS by the time the tax agency started processing your third stimulus payment, then the IRS used information from your 2019 tax return. Amount Based on 2019 or 2020 Tax Returnįor third-round stimulus payments, eligibility and amounts were based on either your 2019 or 2020 return. That's not the case for third-round stimulus checks. As a result, families with older children, including college students age 23 or younger, or with elderly parents living with them, didn't get the extra money added to their previous stimulus payments. Prize tiers 3 - 9 will be multiplied by 2, 3, 4, 5 or 10 times when the Power. Your money wont stretch as far and youll have to make some changes to. ![]() For the first- and second-round payments, the additional amount allowed – $500 for first-round payments and $600 in the second round – was only given for dependent children age 16 or younger. If your income stays the same while prices go up, youll feel the effects of inflation. ![]() One big change with third stimulus checks was that an extra $1,400 was tacked on to your payment for any dependent in the family. As a result, you may not have gotten a third stimulus check even if you received payments in one or both of the first two rounds. Although the income levels at which third stimulus checks started to phase out (i.e., be reduced) were the same as the amounts used for the first two stimulus payments, the rate at which the phase-out occurred was different. ![]()
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