IRS Submission Processing Center Letter Stimulus Check | Will I Get Third Stimulus If I Owe Taxes
Is It Too Late to Claim the COVID Stimulus Checks?
If you haven’t received your $3,200 stimulus checks, you can still claim the total amounts by filing your 2020 and 2021 tax returns by May 17th, 2024. This deadline is essential for those seeking to claim missed payments.
A Breakdown of COVID Stimulus Checks
During the COVID-19 pandemic, the U.S. government issued three stimulus checks to eligible Americans. In March 2020, the first payment was $1,200 for adults and an additional $500 for each dependent. A second payment of $600 for both adults and dependents followed in December 2020. In March 2021, a third payment of $1,400 for each adult and dependent was distributed. These payments were aimed at providing financial support to individuals and families during the economic challenges brought on by the pandemic.
Deadline for Claiming the Stimulus Checks
Time is running out to claim the COVID-19 stimulus checks if you haven’t already done so, with the process requiring filing tax returns. For those who missed their initial payments or received an incorrect amount, the opportunity to correct this is narrowing. The deadlines to file a return and claim the Recovery Rebate Credit for the 2020 and 2021 stimulus payments essentially boil down to three years from the original due date (without extension) of the return in which it needs to be claimed: April 15th, 2024, for the first and second check (June 15th, 2024, for expats), and April 15th, 2025 (June 15th, 2025, for expats), for the third checks. If you filed an extension, you would have three years from the date the tax return was filed to file for an amendment.
Will I get My Stimulus Check If I Owe Taxes
The general rule is that the IRS will not use your stimulus check to offset what you owe the government. Thus, you will not be denied a stimulus check just because you are behind on your tax bills. However, the only exception to the stimulus tax rule is past-due child support payments.
It Is Important You Know the Amount of the Previous Payments
The key to receiving missed payments is knowing the amount of previous payments received and your eligibility. You will need to know how much money you are missing. For more information, go to EIP Payments. To find the amount of your Economic Impact Payments, check:
Your Online Account: Securely access your IRS online account to view the total amount of your first, second, and third Economic Impact Payment amounts under the Tax Records page.
Who Was Eligible for the COVID-19 Stimulus Checks?
Eligibility for the COVID-19 stimulus checks was determined by several critical factors directly tied to taxpayers’ adjusted gross income (AGI), filing status, and other criteria. Here’s a concise breakdown:
- AGI and Filing Status: Eligibility and the amount of stimulus payment depended on the AGI from your most recent tax returns and your filing status (single, head of household, or married filing jointly). Each status had specific AGI thresholds for full or partial payments. For detailed AGI thresholds, see the accompanying table.
- Social Security Number Requirement: Recipients needed a valid Social Security number for themselves and any dependents claimed.
- Exclusions: Certain groups were excluded, such as individuals claimed as dependents on another taxpayer’s return, nonresident aliens, and estates or trusts.
Income Eligibility Criteria for the First Stimulus Check
Filing Status | Full Payment AGI | Phased Out AGI |
Single | Up to $75,000 | Up to $99,000 |
Head of Household | Up to $112,500 | Up to $136,500 |
Married Filing Jointly | Up to $150,000 | Up to $198,000 |
Your payment will be reduced by 5% of the amount your AGI exceeds the applicable threshold above.
Income Eligibility Criteria for the Second Stimulus Check
Filing Status | Full Payment AGI | Phased Out AGI |
Single | Up to $75,000 | Up to $87,000 |
Head of Household | Up to $112,500 | Up to $124,500 |
Married Filing Jointly | Up to $150,000 | Up to $174,000 |
Your payment will be reduced by 5% of the amount your AGI exceeds the applicable threshold above.
Income Eligibility Criteria for the Third Stimulus Check
Filing Status | Full Payment AGI | Phased Out AGI |
Single | Up to $75,000 | Up to $80,000 |
Head of Household | Up to $112,500 | Up to $120,000 |
Married Filing Jointly | Up to $150,000 | Up to $160,000 |
Your payment will be reduced by 5% of the amount your AGI exceeds the applicable threshold above.
FAQs
Below are frequently asked questions about the first and second Recovery Rebate Credit, separated by topic. Please do not call the IRS.
- Topic A: Claiming the Recovery Rebate Credit if you aren’t required to file a 2020 tax return
- Topic B: Eligibility for claiming a Recovery Rebate Credit on a 2020 tax return
- Topic C: Claiming the 2020 Credit
- Topic D: Calculating the Credit for a 2020 tax return
- Topic E: Receiving the Credit on a 2020 tax return
- Topic F: Finding the First and Second Economic Impact Payment Amounts to Calculate the 2020 Recovery Rebate Credit
- Topic G: Correcting issues after the 2020 tax return is filed
More Information
- 2021 Recovery Rebate Credit Frequently Asked Questions
- IR-2022-19, All third Economic Impact Payments issued
- Questions and Answers about the Third Economic Impact Payment
- Third Economic Impact Payment
- Publication 5486-B, Claiming the 2021Recovery Rebate Credit on a 2021 Tax Return
- 2020 Recovery Rebate Credit Frequently Asked Questions
- Publication 5486, Claiming the 2020 Recovery Rebate Credit on a 2020 Tax Return
- View Your Account Information
- IRS Statements and Announcements