What does AARP’s Coronavirus Stimulus Check Calculator do?
President Biden signed the American Rescue Plan into law on March 11, 2021. Our calculator provides an estimate of the amount you might receive in a third federal stimulus check, based on the information you enter. This is only an estimate; the actual amount you receive, if any, will be determined by the Internal Revenue Service (IRS), the government agency in charge of disbursing the third round of stimulus checks, formally known as economic impact payments.
How much is the stimulus payment?
Eligible individuals can receive a stimulus check of up to $1,400. Couples who file joint tax returns can receive up to $2,800. Families with dependents can receive an additional $1,400 per dependent. People who are American citizens but filing jointly with someone who is not a citizen will be eligible for the stimulus check. People without a Social Security number generally cannot get a check. Stimulus checks are not taxable.
When can I expect to get my check?
Payments will start to roll out in March. Most people will get their checks via electronic bank deposit, which is the fastest method. Generally speaking, if you got your first and second stimulus checks via electronic bank deposit, you’ll get the third one that way, too.
What information do I need to use the stimulus check calculator?
The calculator asks about three things: your tax filing status (single, married filing jointly, married filing separately, head of household, or qualifying widow or widower); your adjusted gross income (AGI) from your 2019 or 2020 tax return; and the number of people you claimed as dependents.