Third Stimulus Check Calculator - American Rescue Plan
The much-anticipated third stimulus check is on the horizon. On January 15, 2021, one of the first things President Biden did after his inauguration was to announce the American Rescue Plan, a $1.9 trillion bill containing a third round of relief checks of $1,400 per individual and $1,400 per dependent, to make a total of $2,000 per individual when added to the December relief check of $600. On February 27, 2021, the American Rescue Plan passed in the House. After a number of amendments, the American Rescue Plan passed in the Senate on March 6, 2021 with a partisan simple majority through a process called budget reconciliation. The bill returned to the House for a final vote, and was passed on Wednesday, March 10, 2021. The next day, on March 11, 2021, the American Rescue Plan was signed by President Biden into law, just days before pandemic-related unemployment benefits were set to expire on March 14, 2021.
Who is be eligible and what will you receive? Read on to learn more about what is in the bill, what the eligibility rules are, and how your relief payment will be calculated.
Note that this stimulus check calculator does not address every possible exceptional situation. For more information, we encourage you to see our FAQ section to find any additional information on the coronavirus relief package as we know it.
How does the calculator work?
To check how much you're eligible for, all you need to do is fill out a couple of fields:
- You need to have filed your tax return in 2019 or 2020. Your most recent tax return will be used for the relief check calculation.
- Pick your filing status - either single, married, or head of household (applicable in the case of single parents or families with single earners, for instance).
- Input the number of dependents of any age. Unlike the CARES Act, all dependents claimed on your last tax form (2019 or 2020) will qualify as a dependent.
- Input your AGI (adjusted gross income) - you can find it on your tax form.
- That's it - the calculator will tell you how much you'll likely receive!
Who is eligible for the stimulus? Where do you sign up?
All Americans with a Social Security Number will be considered for the relief checks. Even if you didn't file taxes in 2019 or 2020, the bill text states that you could still be considered for a relief check based on "information available to the Secretary" (awaiting further details). Not everyone will get financial support, since the amount given depends heavily on your yearly income.
The authorities will get all the information they need to send the money from your tax return. That means that you don't need to fill out any documents or stand in a long queue. Once calculated, the sum will be transferred to you using the information provided in your tax return. If there is no information for a direct transfer, they will mail you a relief check. As you might have expected, that option is bound to take longer.
Stimulus check: How much will I get?
The final version of the bill has lower upper limits for income cutoffs compared to the version that was initially passed in the House. For single filers, the phase-out would still begin after $75,000 but would completely phase out at $80,000 instead of $100,000. For joint filers, the new income limit is $160,000 instead of $200,000, and for single parents, the limit is $120,000 instead of $150,000. The phase-out rules are differ from the previous two stimulus checks. Key points are:
- The more you earn, the less you get. Every American with an SSN that earns $75,000 a year or less is eligible to receive $1,400 plus $1,400 per dependent. If you earn more than that, your total payment will be reduced such that a person earning $80,000 or more would not receive a check, regardless of number of dependents.
- The support for married couples is calculated together. This means that a couple is eligible to receive $2,800 if their total income doesn't exceed twice the number mentioned for a single person, i.e., it is not higher than $150,000. We still add the $1,400 for every dependent and again, their checks will be reduced on a sliding scale, to be completely phased out for couples who earn $160,000 or more.
- "Head of household" (such as a single parent) have a higher income cutoff than the single category. You are eligible for $1,400 if you earn up to $112,500 plus $1,400 per dependent. If you are a head of household, the relief payment will completely phase out if you earn $120,000 or more.
What else is in the bill?
The $1.9 trillion bill proposal is about more than just relief checks. Some of the other notable parts of the bill (which passed the House) include:
- Funding for COVID-19 testing, vaccine distribution, and development of a COVID-19 tracking and warning system to monitor its variants and other biological threats.
- Extension of Pandemic Unemployment Assistance (PUA), Federal Pandemic Unemployment Compensation (FPUC), and Pandemic Emergency Unemployment Compensation (PEUC) from March 14, 2021 to September 6, 2021. The FPUC unemployment benefits will continue to be $300 per week.
- Mandatory coverage of COVID-19 vaccines, administration of vaccines, and treatment under Medicaid and the Children's Health Insurance Program (CHIP).
- Support for a variety of emergency assistance and grant programs.
Certain parts of the original bill, like the minimum wage increase, were not included in the final version of the bill. Read more in the bill summary.
Would I qualify for the American Rescue Plan stimulus check?
Every American that filed their 2019 or 2020 tax return and has an SSN would qualify as long as they fall within the qualifying income brackets. Certain people who did not file a tax return may qualify as well.
How much would I get?
The sum you would receive depends on your yearly income, your marital status, and the number of dependents that you have. For specific calculations, we encourage you to try out our stimulus check calculator for yourself.
What if only one spouse has an SSN?
The proposed bill text confirms that if only one spouse has an SSN, the couple will still be eligible for a payment of $1,400.
An exception is that if one spouse was a member of the Armed Forces of the United States during the taxable year, then they will be eligible for $2,800 even if only one spouse included an SSN on the last tax form.
Why is the calculator phasing out at a different income level than the CARES Act?
The new proposal uses a different phase-out principle than the first two stimulus checks. The CARES Act implemented a 5% reduction for every dollar of income greater than the specified income limit. The American Rescue Plan instead defines two income limits: the first limit defines where phasing out begins and the second limit defines where it ends.
For example, for single earners, the phase out begins at $75,000 and completely phases out at $80,000. For joint filers, the phase out begins at $150,000 and completely phases out at $160,000. The payment will always phase out completely at the upper limit, regardless of how many dependents you have.
To qualify for a relief check, you have to be a U.S. resident with a social security number. Certain people who didn't file taxes recently may still receive a payment.