When Is My Third Stimulus Check Coming?If you qualify, it should be arriving soon.
ByKenny Herzog•
As you've probably heard by now, President Biden is potentially mere hours away from signing hisAmerican Rescue Planinto law. The $1.9 trillion Covid-relief package, which will allocate billions of dollars in targeted assistance to states and municipalities, schools, national vaccination efforts and other areas of need, comes virtually a full year after last spring's similarly sweepingCARES Act.
The latter bill earmarked up to $1,200 per individual in no-strings-attached stimulus checks (or up to $2,400 per household) for millions of Americans and their dependents. Late last year, then-President Trump enacted something of a skinnier relief package that allowed for a second round of stimulus checks to those eligible, but withmaximum payments halved.
And after much partisan handwringing, the American Rescue Plan — once officially on the books — will re-up those payments to as much as $1,400 per individual and $2,800 per household, with additional checks for any dependents. However, as a concession to moderate Democrats, there are new annual-salary caps on eligibility, among other adjusted guidelines (full text of the bill is here, and the IRS will likely soon be publishing concise stimulus-check guidancea la this FAQ从过去的round).
Related:Senate Votes to Clear Way for $1,400 Stimulus Checks
So, assuming you meet the criteria, when will yours arrive? Soon. Certainly with greater haste than the second round, which was prolonged interminably as talks around the broader second relief packagestalled for months.但是一旦说第二轮救援计划成为法律ust after Christmas, the checks were ultimately began arriving in folks' accounts and mailboxes over the next couple of weeks. And analysts anticipate a similarly speedy deployment post-Rescue Plan.
One analystcited byCBS Newswent so far as to remark, "By next weekend, a couple making less than $160,000 could well have $2,800 deposited into their checking account." And that tracks withBiden's recent assurancethat the money will begin making its way into Americans' wallets "as soon as" Congress passes his legislation.
We recommend continuing to monitor the IRS' website for any updates, and to consult your employer or accountant — or whomever has a handle on the stimulus specifications — with any questions about your eligibility.