It is possible to receive the third stimulus payment as part of the 2021 Federal tax return. The qualifications for the third stimulus payment are:
- you were a U.S. citizen or U.S. resident alien in 2021,
- you were not a dependent of another taxpayer’s 2020 tax return, and
- you have a Social Security number.
If you did not receive the third stimulus payment, you may receive that amount through a Recovery Rebate Credit found on line 30 of the 2021 Federal 1040 tax return.
IRS FAQ about the third stimulus payment states:
For higher income individuals, the payment amount is reduced when their adjusted gross income exceeds the following thresholds:
- $150,000 for taxpayers filing a joint return or filing a return as a qualifying widow or widower
- $112,500 for taxpayers filing as head of household
- $75,000 for eligible individuals using any other filing status
The third payment is reduced if their AGI is above these thresholds. No payment is made when AGI is at least the following amount:
- $160,000 for taxpayers filing a joint return or filing a return as a qualifying widow or widower
- $120,000 for taxpayers filing as head of household
- $80,000 for eligible individuals using any other filing status
The amount is prorated when the AGI falls between $150,000 and $160,000 for a married filing jointly tax return.
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