Who will not get a third stimulus check?
|Who will not get a third stimulus check?|
Millions of Americans are expecting to receive a third stimulus check in the next few weeks (either by direct deposit or paper check). The stimulus package, dubbed the “American Rescue Plan”, is aimed at providing financial aid not only to families and individuals, but also to help aid businesses, schools and local governments amid the pandemic.
Here's a list of people who won't be getting a third stimulus check:
There are a few reasons why you could be left without a third stimulus check. It could be because of your income, age, immigration status, or some other disqualifying factor.
This round of checks would give $1,400 dollars to a single taxpayer and would double that amount to $2,800 for married couples who filed together.
The payments are reflected off of your 2019 or 2020 income and depend on when you filed your 2020 taxes. The IRS relies on your most recently filed tax return to help distinguish when, and how much, you might get.
In addition, the checks are based on your Annual Gross Income (AGI), which is your gross income minus certain deductions like 401k or health savings account contributions. It's why your income might be listed slightly lower after taxes.
High-Earners - will not get a third stimulus check
Third-round stimulus checks start at $1,400 per eligible person ($2,800 for married couples who file a joint tax return). If you have any dependent, there'll be an extra $1,400 tacked on for each one of them. So, for example, a married couple with two dependent children can get up to $5,600.
However, third stimulus checks are quickly phased-out for people at certain income levels (based on your 2019 or 2020 tax return). If your income is high enough, your check will be completely phased out and you'll get nothing! For single people, that happens if your adjusted gross income (AGI) is above $80,000. If you're married and file a joint tax return, you'll get nothing if your AGI exceeds $160,000. If you claim the head-of-household filing status on your tax return, your payment will be reduced to zero if your AGI tops $120,000.
Dependents - will not get a third stimulus check
If you can be claimed as a dependent on someone else's tax return (whether or not you're actually claimed as a dependent), you won't receive a stimulus check. That means no payments to children living at home who are 17 or 18 years old, or to college students who are 23 or younger at the end of the year who don't pay at least half of their own expenses.
Other dependents won't receive stimulus payments, either. For example, an elderly parent living with an adult child is out of luck and won't get a check.
However, if you're a dependent, at least the person claiming you as a dependent on their tax return will get an extra $1,400 added to their third stimulus check. Maybe, if you're nice, they'll give you some of that money.
Nonresident Aliens - will not get a third stimulus check
A person who is a nonresident alien is not eligible for a third stimulus check. Generally, a "nonresident alien" is not a U.S. citizen, doesn't have a green card, and is not physically present in the U.S. for the required amount of time.
See IRS Publication 519 for more information on the taxes for nonresident aliens.
People Without a Social Security Number - will not get a third stimulus check
Generally, you must have a Social Security number to get a stimulus check. To get the extra $1,400 for a dependent, the dependent must also have a Social Security number. If they don't, then you probably won't get the addition amount.
There are, however, a few exceptions to this rule. First, an adopted child can have an adoption taxpayer identification number (ATIN) instead of a Social Security number. Second, for married members of the U.S. armed forces, only one spouse needs to have a Social Security number. And, third, if your spouse doesn't have a Social Security number, you can still receive a third stimulus check, including any extra money for dependents, if you have a Social Security number.
Deceased People will not get a third stimulus check
It may seem obvious that a deceased person isn't eligible for a third stimulus payment. However, only people who died before 2021 are ineligible. Essentially, they're treated as if they don't have a Social Security number. However, if a person who died before 2021 was a member of the U.S. military, his or her surviving spouse can still receive a third stimulus check even if the spouse doesn't have a Social Security number. In addition, the extra $1,400 for each dependent is not available if the parent died before 2021 or, in the case of a joint return, both parents died before then.
People Who the IRS Doesn't Know About
The IRS will automatically send a third stimulus payment to people who filed a 2019 or 2020 federal income tax return. People who receive Social Security, Supplemental Security Income, Railroad Retirement benefits, or veterans benefits will receive a third payment automatically, too. However, if the IRS can't get the information it needs from your tax records, or from the Social Security Administration, Railroad Retirement Board, or Veterans Administration, then it can't send you a check.
However, if you don't get a third stimulus check now, you won't lose out on the money if you're eligible for a payment — but you'll have to wait until next year to get it. You'll be able to claim the proper amount as a Recovery Rebate tax credit when you file your 2021 tax return, which is due by April 18, 2021 (April 19 for residents of Maine and Massachusetts).
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