COVID-19 TAX CENTER:
Everything you need to know about the
third stimulus check
The American Rescue Plan included up to $1,400 in stimulus payments for each eligible taxpayer, plus an
additional $1,400 per dependent. We know how important this money is to you, and we’re here to help.
Stimulus check FAQs
Here are some helpful answers for you
How much is the third
Each eligible taxpayer can receive up to $1,400, plus an additional $1,400 per dependent. That means that a family of four with two children could receive $5,600. Remember, just because you are eligible doesn’t mean you are eligible for the full $1,400.
Who is eligible to receive a
Families earning less than $150,000 a year and individuals earning less than $75,000 a year should have received the full $1,400 per person. Families earning up to $160,000 per year and individuals earning up to $80,000 per year were eligible to receive stimulus checks for a smaller amount. Unlike the previous two rounds, you should have received stimulus payments for all your dependents, including adult dependents and college students.
When will I get my
The IRS started sending the third stimulus payments in March 2021 and will continue to send them on a weekly basis as 2020 tax returns are processed. Payments will be sent to eligible people for whom the IRS did not have information to send a payment but who recently filed a 2020 tax return.
How will I receive my
The IRS issued stimulus payments using the most recent information they had on file, from your 2019 or 2020 tax return, either by direct deposit or by check.
Taxpayers with direct deposit information on file would have received their payment that way. Those without current direct deposit information on file should have received the payment as a check.
As a part of the tax filing process, we send accurate banking information for all TurboTax filers to the IRS, which the IRS is able to use to deposit stimulus payments.
What if someone claimed me
as a dependent?
as a dependent?
If you are claimed as a dependent on someone else’s return you are not eligible for a stimulus payment.
Where can I find more information on
You can learn more at the IRS Economic Impact Payment Information Center.
What will COVID-19 mean for
For the latest on the tax implications of the coronavirus pandemic, check out our Stimulus Hub.
Why is my stimulus payment a different amount than
Eligibility for stimulus payments is determined by the IRS based on your adjusted gross income (AGI).
Adjusted gross income (AGI) is your gross income like wages, salaries, or interest, minus adjustments for eligible deductions like student loan interest or your IRA deduction. Your AGI can be found on line 8b of your 2019 Form 1040 or on line 11 of your 2020 Form 1040.
If you have an AGI of up to $75,000 ($150,000 married filing jointly), you could be eligible for the full amount. As your AGI increases over $75,000 ($150,000 married filing jointly), the stimulus amount will go down. This means that if your AGI is over these amounts, you will not receive the full amount of the stimulus payment.
What if I received my stimulus payment on a Turbo® Visa® Debit Card?
If you have your card, you can use it anywhere Visa debit is accepted in the U.S. You can also withdraw your stimulus money at more than 19,000 fee-free ATMs across all 50 states.
You can get a replacement card in 8-10 business days, subject to unexpected COVID-19 delay.
What if I received my stimulus payment on a Credit Karma Money Card?
If you had your most recent federal tax refund deposited to your Credit Karma Money Spend or Save account then the IRS likely deposited any stimulus payments due to you into the same account. If the account was closed or no longer active, the deposit would have been returned to the IRS and you should have been issued a check to the address the IRS has on file for you. This is generally the address on your most recent tax return or as updated through the United States Postal Service (USPS).
If you need a new Credit Karma Visa® Debit card to access funds in your Spend account you can request one online by following the steps here.
If you are having trouble accessing the funds in your Credit Karma Money Spend or Save accounts, please contact us for assistance.