Friday, November 22

How much money you could receive for your third stimulus check: it will be a maximum of $ 1,400 per eligible person

The third stimulus check proposed by the next federal administration of Joe Biden will be capped at $ 1, 400 dollars, as it is a continuation of the second stimulus amount of $ 600, when adding these two, gives as the final figure $ 2, 000 between the two checks .

As in the first two rounds of stimulus distributions, the amount the beneficiary will get will depend on their adjusted gross income (AGI), as well as their eligible dependents and other qualifications.

Although the details of the requirements for the third paycheck are not yet outlined. stimulus, Biden’s proposal would include dependents of all ages , including college students and older adults.

president-elect , would also include all families with mixed citizenship status, that is, families made up of United States citizens dense and foreigners.

Without a doubt, the democratic initiative that is being considered for the distribution of the third stimulus check, on paper, will be more flexible for various sectors of the population than in the two previous distributions, which represents a great opportunity for those who were excluded in the first rounds.

Despite this, the Adjusted gross income will be the one that defines the amount of the amount you will receive in this third round of checks. This means that depending on your annual income the IRS will determine whether or not you are eligible to receive the check.

In the first two rounds they set taxpayer salary caps, for example, when granted the first stimulus all taxpayers who exceed annual income by $ 99, 000 onwards were not entitled to receive the check , since it was considered that this group would not have deficiencies of any kind.

Under this scheme it is recommended that all applicants to receive the stimulus check are attentive to the new stipulations on salary caps and the considerations for may or may not receive the third stimulus check.

If you comply with the new government regulations, then an individual taxpayer without dependents will be able to receive the $ 2, 000 dollars, that is, the $ 600 dollars correspond to ondientes to the second check and the $ 1, 400 that would be approved.

A head of household with a dependent less than age , would be credited to $ 2, 000 dollars, plus $ 600 for retail, adding a total of $ 2, 600 dollars.

A head of household with two minor dependents , would be credited to $ 2, 000 dollars, plus $ 600 for the minor, adding a total of $ 3, 200 dollars.

A married couple without dependents , will be credited at $ 2, 800 dollars, that is, each one would receive the amount of $ 1, 400, plus the $ 600 corresponding to the second check, having a total of $ 4, 000.

A married couple with a dependent could receive a total of $ 4, 600 dollars. Depending on the case, $ 600 can be added per dependent, whether minor or not. All this will be defined by the IRS, since the agency will determine the amount that you and your dependents will receive, but everything will depend on your AGI and that you should not lose sight of.

You may also be interested in: Why being up-to-date with the payment of taxes is decisive to obtain the stimulus check