Stimulus check 3: How much money you'll get
2:32

Stimulus check 3: How much money you'll get

Money
The yeas are 220, the nays are 211. The motion is adopted. [APPLAUSE] The next round of stimulus checks is heading to millions of Americans with the passing of the $1.9 trillion COVID-19 relief bill. But this payout is a lot different than the first two direct payment. Here's a breakdown of how much money could be coming your way. [MUSIC] Not everyone who received the first two stimulus checks will be getting the third check. Tens of millions of people make it less money than they may have expected. That's because to even get a check the qualifying income level cap is set to a lower threshold this time But other households may get more money that's because dependents can be any age and checks go out to households with a mixed status of citizenship. As long as one member has a social security number to qualify for the maximum payout of $1,400 per person. You have to be a single u.s. Resident with adjusted gross income of less than 75000$ On your most recent tax return, partial payments cut off at $80,000. If you filed as a head of household, he qualify for the full payment if you earn under 112,005 $500 partial payments cut off at incomes of $120,000. And those filing jointly qualify for the full amount if they earn less than $150,000 partial payments cut off At $160,000 each dependent qualifies for an additional payment of 14 $100. And that goes to the family's total check. A dependent is anyone you claim on your taxes. It could be college aged kids or older parents, US born children of non US citizens would also qualify. Having this stimulus bill land in the middle of tax season is an extra complication. The income qualification is based on your latest tax return. If you made a lot less money in 2020 than 2019, file your tax return as soon as possible. If the IRS still goes off your 2019 return, you can file a claim for missing money. For more information on direct payments, including how much you can expect, monitor the IRS website irs.gov slash coronavirus, and for more details on all the new benefits in the COVID relief package, including new unemployment aid and the child tax credit stick with cnet.com.

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