DanaB27
Employee Tax Expert

Business & farm

Yes, if you meet the requirements then you will get the third stimulus payment. 

 

To be eligible you need to be a U.S. citizen or U.S. resident alien in 2020 and have a Social Security number that is valid for employment.

 

You cannot be claimed as a dependent by someone else to be eligible. 

 

  • If you have an adjusted gross income (AGI) under $75,000 ($150,000 married filing jointly), you will be eligible for the full $1,400 stimulus payment.  
  • Payments will begin to be reduced for individuals making $75,000 or above in AGI ($150,000 for married filing jointly.)
  • Once your AGI reaches $80,000 for individuals ($160,000) you will be 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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