$ 1,400, $ 600, $ 1,200 stimulus checks: the biggest differences in comparison

The purpose of the third check is the same: Get prick money in people’s pockets as soon as possible. But Congress takes a different route to achieve this, changes who would qualify for a payment and how much they would receive. The result is that the new $ 1400 payment may look very different to many who have received the first check for $ 1,200 or that second $ 600 payment.

The new round stimulus payments is part of the nearly $ 2 trillion relief package what Democrats are press to approve within two weeks. In addition to send $ 1400 payments to individuals and dependents, the relief bill it’s now in the senate is set to Renew Unemployed Workers’ Benefits increase funding for COVID-19 vaccine distribution and possibly increase the federal minimum wage rate up to $ 15 per hour.

Over the past year, we have studied how Congress has designed the first two payments to help struggling families and boost the economy. From reading the current version of the House Bill (PDF) we also have a good idea of ​​how legislators intend to achieve the same goals with the third check. Here’s how the three stimulus controls are similar and different.

Each stimulus control differs from the other

With each round of checks, Congress revised the payment amount and the eligibility elements. Although we know many of the proposed details of the third stimulus test, there’s a game card. The IRS is in the mid-tax filing season, it is therefore unclear whether the agency can not do so reverse these third payments within a few days, such as the second stimulus payments, or if there may be a delay.

Three stimulus checks, compare

	Third check (in work)	Second check	First check
Maximum total (per adult)	$ 1,400	$ 600	$ 1,200
Dependents (fixed rate)	$ 1,400 (any age)	$ 600 (16 and under)	$ 500 (16 and under)
Income to receive maximum amount	Below: $ 75,000 (single); $ 112,500 (head of household); $ 150,000 (married)	Below: $ 75,000 (single); $ 112,500 (head of household); $ 150,000 (married)	Below: $ 75,000 (single); $ 112,500 (head of household); $ 150,000 (married)
Upper limit for single taxpayers	$ 100,000	$ 87,000	$ 100,000
Household upper limit	$ 150,000	$ 124 500	$ 146,000
Submission of the upper limit	$ 200,000	$ 174,000	$ 198 000
Citizenship	Mixed-status families, where one member has a social security number	Citizens and non-citizens with a social security number	Citizens and non-citizens with a social security number
Date approved	By March 14	27 December 2020	March 27, 2020
Initial payments sent	To be determined	29 December 2020	13 April 2020
Final payments issued	31 December 2021	16 February 2021	16 February 2021
Number of payments made	To be determined	More than 147 million	More than 160 million
Total dollar amount distributed	To be determined	$ 142 billion	$ 270 billion

Here’s what you have for more information need to know about stimulus control today, including how to claim any missing incentive money on your 2020 tax return and how to track your tax refund online.