Some Americans are set to receive another round of stimulus checks now that President Biden has signed the largest Coronavirus relief package yet. Some Americans are set to get up to $1,400 checks however, some may not be eligible to receive the payments.
Under the new legislation, individuals with an adjusted gross income of $75,000 or less, and couples with an adjusted gross income of $150,000 or less, are eligible to receive a one-time payment of $1,400. The payments will probably be based on your reported income from the 2020 tax return but if you haven’t filed it yet, the government will use your 2019 return to calculate how much you’re owed.
The first two payments notably excluded individuals over the age of 17 who were claimed as a dependent on another person’s tax return — leaving out millions of college students and recent graduates.
But in the American Rescue Plan, all dependents, regardless of age, will be qualified to receive the money so long as the filer who claimed them meets the necessary criteria. The payments will go to the individual who filed the taxes, not the dependent themselves.
Other adult dependents
Expanding eligibility to adult dependents also means that elderly people and individuals with disabilities who are claimed as a dependent on someone else’s tax return will be able to receive a check in the third round.
Like the previous rounds, immigrants with a valid Social Security number will be able to receive the cash payments.
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