New stimulus check requirements: Qualifications have changed. Here’s what we know

New stimulus check requirements: Qualifications have changed. Here’s what we know

Now that the Senate has taken the wheel of the $1.9 trillion relief package, we’re starting to see amendments to the House’s version of the bill — which passed last week — including changes to who qualifies for the third stimulus checks of up to $1,400 per person. So far, the Senate hasn’t made any changes to qualifications for dependents and families with “mixed” US citizenship.

We now know the next stimulus check will be much more “targeted” than we originally thought, which could affect the amount you receive or even make you ineligible for a payment. However, you could still qualify for thousands of dollars more than you did with the first two payments (new tax breaks for children and older adults could also bring your family more money). But be aware that your eligibility could be affected by whether the IRS will use your 2019 or 2020 tax return to determine your payment.

We have a clearer idea now of how your adjusted gross income, or AGI, could change your payment, as well as your age, marital status, citizenship and tax status. And we have the information nonfilers and people with child-support situations need. While you wait for the Senate to sign off on details, here’s how to claim your missing stimulus money from the IRS (or file a payment trace). In the meantime, here’s everything we know about eligibility and your stimulus money. This story is frequently updated.

More people could qualify for the third check, based on the House-approved bill, but Senate changes leave others out

The proposal now with the Senate would keep the income limit for individuals and families who’d qualify for a full stimulus payment the same as it was for the first two rounds of checks. The Senate, however, may change the upper cap for who would no longer receive any money…Read more>>

Source:-cnet

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