When Will SSI Get The Third Stimulus Check?
Are you one of the people who still did not receive your third stimulus check?
Although almost all the money authorized by the government to be distributed to Americans from the Covid-19 Economic Impact Payment fund has already been delivered, some people did not get theirs. The government has not sent out all the checks from the third round of stimulus relief payments because the Internal Revenue Service (IRS) is missing necessary information.
Here’s What to Do to Get Your Third Stimulus Check
The third round of stimulus payments started to be sent out in March 2021. Unlike the two previous stimulus payments, this third Covid-19 relief payment has eligibility limits to prevent wealthier people from receiving payments they don’t need.
Check Your Eligibility — The third round of Economic Impact Payments was authorized by the American Rescue Plan Act of 2021 and the 2021 Recovery Rebate Credit. To be eligible for this third payment, you must fit these criteria:
- you are a U.S. citizen or U.S. resident alien (and their spouse if filing a joint return), and are not a dependent of another taxpayer, and
- your adjusted gross income (AGI) is not more than:
- $150,000 if married and filing a joint return or if filing as a qualifying widow or widower
- $112,500 if filing as head of household or
- $75,000 for eligible individuals using any other filing status.
If your adjusted gross income (AGI) is higher than these amounts, your payment will be reduced or eliminated. You can find the exact cut-off levels here.
Did You File Your 2020 Income Tax Return?
If you did not yet file a 2020 Income Tax return, then the IRS will not have your income information for 2020. Since eligibility for the third stimulus payment is dependent on your income being under the caps we showed you in the previous section, the IRS will not send you a third stimulus payment until you file your 2020 return.
File A 2020 Tax Return Even If You Don’t Usually Need to File
Who is required by law to file a tax return? Not everyone, usually. If you are single and did not earn more than the minimum income threshold, equal to the individual standard deduction of $12,550, then filing a return is not required.
However, you must file a 2020 tax return to receive your third Covid-19 Economic Impact Payment. When you do file your return, the IRS will register your eligibility and process your payment within a short period.
$1,400 Stimulus Per Eligible Adult PLUS $1,400 More for Each Qualified Dependent
The third round of stimulus payments includes a substantial amount of money for each eligible adult. Each eligible adult receives $1,400 and couples receive $2,800. The special bonus in the third round of stimulus is $1,400 for each “qualified dependent” claimed on your tax return.
What’s a qualified dependent? — In this third round of stimulus payments, the definition of qualified dependents is expanded to include not just children under 17, but any declared dependent. That means a $1,400 payment for children older than 17 years of age, along with disabled adults and any elder parents or grandparents you claimed as dependents.
If your household has one adult and four dependent children, your third-round stimulus would be $7,000.
Beware of Scammers
Unfortunately, scammers and other criminals are always lurking in the shadows to victimize unsuspecting people by stealing personal information they can use to get the money they don’t deserve. If you are contacted by anyone by telephone, text, chat, or email who claims to be an IRS representative or other government official, DO NOT give them any personal information. The IRS will never contact you by social media, text, or email. And the IRS will never telephone you and ask for any personal information or identification data. Armed with information like your name, date of birth, and Social Security number, scammers can file a fake 2020 tax return or try to claim your third stimulus payment.
One of the schemes involves scammers calling you to ask if you received their third-round stimulus payment already. If you say you have not, then the scammer offers to help you get it quickly. All you will be asked to do is provide the caller with the information they need to “file for you.” They’ll tell you they need your name, date of birth, social security number, names and ages of dependents, and any other data they can trick you into giving them. This kind of identity theft resulted in more than $585 million in fraudulent Covid-19 stimulus check losses since 2020.
What to Do If Your Stimulus Check Was Taken by A Fraudster
If you did not SSI get your third stimulus check, and you find out that your check was issued by the IRS more than four weeks ago, you can ask the IRS to perform a “payment trace.” If it is determined after an investigation that your stimulus check was stolen, you should be able to have the check reissued to you.