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Level 3
posted Mar 12, 2021 2:05:35 PM

3rd Stimulus

Anyone get their 3 Stimulus (TAXEIP3) yet? Mine was lower than expected. I thought I qualified for maximum amount since Married Filing Jointly was below $150k

3 53 5150
24 Replies
Expert Alumni
Mar 12, 2021 2:19:24 PM

No.  Can't say we have seen anyone experience this yet as today is the first day of issuance of EIP3.  Here is some information that might help you.  There is a stimulus calculator that may assist with determining if you received the correct amount.

 

The American Rescue Plan provides relief for millions of Americans through numerous measures, including a third round of stimulus checks, unemployment benefit extensions, and expansions of the Child Tax Credit and the federal Earned Income Tax Credit (EITC).

This means if you qualify for a third stimulus check, you could get up to $1,400 for each taxpayer in your household plus $1,400 for each dependent.

  • Families earning less than $150,000 a year and individuals earning less than $75,000 a year should get the full $1,400 per person.
  • Families earning up to $160,000 per year and individuals earning up to $80,000 per year will receive prorated amounts.
  • One notable difference from the first two stimulus is that you will receive stimulus payments for all your dependents, including adult dependents and college students.

To find out if you are eligible and how much you can expect, visit our stimulus calculator.

 

How will the American Rescue Plan Affect Your Taxes

Level 3
Mar 12, 2021 2:25:38 PM

ya, I qualify for max. married in Dec 2020. Filed 2020 taxes Feb 16...AGI with unemployeed wife well below the 150k. even if it was based off of 2019 tax return, would be very close to max.... I dont understand. ugh

Level 2
Mar 13, 2021 9:17:24 AM

We are married filed jointly below $150K, my spouse does not have a job. Yesterday received to our joined account only one $1400. Why do they write "per person" I don't understand.

Employee Tax Expert
Mar 13, 2021 9:27:56 AM

The third stimulus payment is $1,400 per person.  If your bank account only shows $1,400, that means the stimulus payment was only sent for one of you and not both.  If you were recently married, the other payment may still be on the way.

 

Please see the link below for additional information on the third stimulus payment and how it is determined.

 

How will the 3rd stimulus affect me

Level 2
Mar 13, 2021 1:36:20 PM

We were officially married in 1994. For the 2nd stimulus payment we also received only one $600, and we did not receive the first stimulus.

The IRS Get My Payment returns message that status not available.

Level 3
Mar 13, 2021 3:28:47 PM

mine is weird, i have four kids but its not divisible by 4. My GDI does explain the rest. I am so confused.

Level 2
Mar 14, 2021 5:48:22 AM

We received our 3rd stimulus check, my husband and I file joint and we didn’t make over what they said, but we only received half of the 2800.00

Level 2
Mar 14, 2021 5:49:23 AM

We have the same situation. I don’t understand why we only received half of 2800

Level 2
Mar 14, 2021 5:54:14 AM

Yes we are in the same situation. My husband and I file joint . We just received 1400

New Member
Mar 14, 2021 7:27:28 PM

I am in the same boat. We file married filing jointly and with 2 kids; however, we only received 2800 of the 5600 we qualify for. Anyone know why? We are below the $150,000 cap. 

Level 2
Mar 15, 2021 3:50:05 AM

I asked my Tax preparer what’s the reason for that, and if she might know anything  but all she can tell me is “I Don’t know “ wow ok. 

Expert Alumni
Mar 15, 2021 6:20:40 AM

This information is provided by the IRS - Third Stimulus FAQ

Level 2
Mar 15, 2021 7:28:16 AM

I got the first 2 stimulus checks and and qualify for the 3rd.  I can't seem to find information on how I will get the 3rd check.  I filed my 2020 taxes through Turbotax and set up a payment plan when I filed.  I know that the stimulus isn't supposed to be held up by taxes owed, but I want to know how I am going to get my stimulus, through direct deposit or a check/debit card.  I am sure I am not the only one with this problem, but there isn't much information out there about it.  

Expert Alumni
Mar 15, 2021 7:58:10 AM

You do not need to do anything, it will be deposited the same way as the first two stimulus payments.

 

The stimulus payment will not be used to pay down outstanding taxes.

 

For more information, see: More details about the third round of Economic Impact Payments | Internal Revenue Service

Stimulus payment resources for your 2020 taxes

Level 2
Mar 15, 2021 1:20:40 PM

The same way as previous two? The first one was not deposited for me at all, and for the second one only half was deposited!

Now you say I don't need to do anything! Are you sure you are an expert?

Employee Tax Expert
Mar 15, 2021 1:35:06 PM

The terms of issuing the stimulus payments are being handled by the IRS.  Your best bet is to refer to the link below for guidance as the IRS issues new guidelines and instructions fairly often at this point in time.

 

FAQs for Stimulus payments

 

They have been trying to update their website for situations that are happening to taxpayers and at least providing some guidance as to what you can do or expect in regards to the stimulus payments.

 

@Nyctereutes

Returning Member
Mar 16, 2021 11:56:20 AM

Yes, I received mine 4 days ago by direct deposit. It was accurate.

Level 3
Mar 16, 2021 2:39:49 PM

Update: apparently it is correct. I was basing it off my 2020 tax return (where i am now married) but it based it off of my 2019 return. Without giving too much info out. My AGI was just a smidge over the 75k and all i got was like $243 of the $1400....id like to see the gov't math on how the scale down from 75k to 80k worked.

New Member
Mar 17, 2021 6:13:20 AM

We are in the same boat! Married June 2020, filed 2020 Taxes Joint in Feb. and only got half of the $2800. So frustrating!

Expert Alumni
Mar 17, 2021 6:38:53 AM

The IRS is required to reconcile the tax returns and stimulus payments as well as working on the third stimulus payments due to the American Rescue Plan.  With the tax season and the changes taking place all at once, a delay should be expected for full payments. They want to be diligent and are required to follow any protocols they have been issued.  They will make any adjustments and additional payments as they complete the process.

New Member
Mar 17, 2021 7:15:24 AM

I received mine this morning but only half,  been married 10 years and have 3 kids,  we are missing a big chunk of ours.  We are well below the 150k for married filling joint

New Member
Mar 17, 2021 7:20:00 AM

Same issue with me, I called the IRS and waited on hold for about 30 minutes, I told them that me and husband both made well under the threshold both years for 2019 and 2020 but we only got half what I understood was owed to us, we got back $2,800 rather than the $5,600 for a family of 4. both our children were on both 2019 and 2020 as dependents and both are under the age of 6. the IRS basically told me they had no information on how to handle payments that are short and to keep checking the website for updates. I honestly think it is a glitch in system. 

Expert Alumni
Mar 17, 2021 7:23:33 AM

We will have to wait for IRS guidance on this.  This link continues to be updated as information becomes available.  This information is provided by the IRS - Third Stimulus FAQ  

Expert Alumni
Mar 17, 2021 7:30:39 AM

We do not know why the IRS did not issue the full refund amount. 

 

This TurboTax Help states:

 

Do I need to do anything to get my stimulus check?

 

You don’t need to do anything to get your stimulus check. The IRS will determine eligibility based on your last tax return (either 2019 or 2020) and will likely send your payment to the bank account where your tax refund was deposited.

 

The IRS says that the only way to update your mailing address and banking information is by filing your 2020 Federal 1040 tax return.  The IRS is making no portal available.

 

If your 2020 Federal 1040 tax return was accepted, we do not know whether the IRS will issue a third stimulus payment using 2019 tax information or 2020 tax information.

 

Follow the TurboTax COVID Tax Center and the IRS Economic Impact Payment Information Center as further updates are issued by the IRS.