DanaB27
Employee Tax Expert

Business & farm

The third stimulus has been signed into law. You could get up to $1,400 per taxpayer plus $1,400 for each dependent. 

 

If you have an adjusted gross income (AGI) of up to $75,000 ($150,000 married filing jointly), you should be eligible for the full $1400 stimulus payment.  Payments will begin to be reduced for individuals making $75,000 or above in AGI ($150,000 for married filing jointly.) The reduced payments end at $80,000 for individuals ($160,000); people above these levels are ineligible for a payment.

 

Unlike the first two payments, the third stimulus payment is not restricted to children under 17. Eligible families will get a payment based on all of their qualifying dependents claimed on their return, including older relatives like college students, adults with disabilities, parents and grandparents (IRS).

 

Please see How will the third stimulus impact me? for more information.

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