3rd Stimulus Check Update: Everything You Need to Know

Posted Mar 19, 2021 | Chris Petrie

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Last week, President Joe Biden signed the American Rescue Plan, the bill that includes many things, including your stimulus check. There are a lot questions in regards to the third stimulus check and I have answered just about everything I can think of below. If there is a topic I didn’t cover, then please leave a comment at the end of the post and I will respond with an answer.

Alright, let’s start off with the most important question.

How Much Will I Get?

This 3rd round of stimulus checks will include:

$1,400 per person ($2,800 per couple)

$1,400 per dependent (over age 17)

Example: A married couple with three children earning $110,000 per year would receive $7,000.

Differences from the Previous Stimulus Checks

The biggest difference is the eligibility for dependents does not stop at age 17 like it did in 2020. 

Let’s say you have an 18-year-old college student who you claim as your dependent when you file your taxes.

Therefore, you would now receive $1,400 for your college student whereas last year you would not.

Another difference is the income limitations. The first round of stimulus checks were phased out for single filers between $50k and $99k, and married filers were between $150k and $198k.

The third round of stimulus payments lower the eligibility quite a bit.

Single filers phase out between $75k and $80k and married filers phase out between $150k and $160k.

Who Does Not Qualify for Stimulus Check?

Dependents: If you can be claimed on someone else’s tax return, you will NOT receive a stimulus check.

High income earners: If your adjusted gross income (line 8b on tax return) on your 2019 tax return, or 2020 if you’ve already filed, is above these thresholds, you and your dependents will NOT receive a stimulus check:

  • Single filers above $80,000 
  • Head of household: $120,000
  • Married filing jointly: $160,000

When Will I Receive My Stimulus Check?

Stimulus checks started going out on March 17th and are expected to continue going out for the next 10 days or until the end of March. 

Where to Check on Payment Status 

The IRS has a Get My Payment tool that actually works! 

I know…I was shocked to see something on a government website actually worked too.

Simply enter in your Social Security Number (or Tax ID Number), your date of birth, your street address and your zip code. Within seconds, 

Is My Stimulus Based onMy  2019 or 2020 Return?

The IRS states that your latest tax return will be used to determine your eligibility or amount for the stimulus check.

If you haven’t filed your 2020 return yet, then the stimulus eligibility will be based on your 2019 return. However, if you filed your 2020 return already, then the IRS will use this latest return to determine your stimulus check amount and eligibility.

What if I Wasn’t Eligible in 2019 but I Now Qualify in 2020?

Maybe you’re someone who was not eligible based on your 2019 tax return but after 2020, you would now qualify for the stimulus check.

If this is you, the good news is the IRS is saying you will get your stimulus check one way or the other. If you already filed your 2020 return with the lower adjusted gross income, then you will be receiving a stimulus check based on the latest tax return.

However, if you haven’t filed yet (you now have until March 17th 2021), your stimulus check will be delayed until you file your 2020. The IRS says they will reconcile with the latest tax returns sometime this year or you may have a credit applied to your 2021 tax return.

Have Questions?

Any other questions, please don’t hesitate to ask. Just simply leave a comment below this post and I will do my best to answer them as quickly as possible.

Also, your questions will help other readers who may have the same question you do, so feel free to ask away and help someone else navigate through this complicated process.

Thanks so much!

-Chris Peach

Chris Peach Author 150x150

Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.


  • I received the first 2 stimulus checks by direct deposit. I filed my 2020 taxes. I meet the income limit, but I did not receive a direct deposit this time around. Not sure why I haven’t received, or why it would be sent differently this time around

    • Hi Jennifer,

      This is the norm and you’re not alone. I have talked with many people in the same situation as you are. Check the Get My Payment Tool to see when your check will be mailed to you.

    • I still haven’t received my third stimulus check should I be concerned.

  • we filed as a couple no dependents 2020 tax returned filed 02/12/2021 adjusted gross income is $150587.00 but as a couple our deposit was $1608.32 which seems to be a large deduction since we’re only $587 over the $150000.00 limit.

    • Hi Margery,

      First I would look at line 11 on your 2020 tax return. If this amount is $150,587 and you filed married/jointly with zero dependents, then your stimlus check should be $2,636.

  • Hi, ok my husband and I file married jointly. I don’t work tho. He made 50,069.00 for 2020. We got the first 2 stimulus by direct deposit. We have not gotten ours for this yr yet. We filed our 2020 taxes and we’ve already gotten our refund of $112.00. Not much but proud for the few bucks. It keeps saying were eligible and it will be direct deposit to our acct. It gives us the account number. No date or anything yet. Help and why??

    • Hi Nikki,

      If you filed married/jointly and your income was $50k in 2020, then you will definitley be receiving a 3rd stimulus check. If you haven’t received it yet, don’t panic. The Biden administration stated they would be sending out checks or direct deposit throughout the end of the month. Keep checking the Get My Payment Tool daily to see if there are any updates.


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