On March 11, President Biden signed the American Rescue Plan Act, which includes a third round of economic impact payments. This bill authorizes another round of $1,400 payments for eligible people, plus additional $1,400 for each dependent. There are income thresholds that are lower than previous rounds, so please check your eligibility.
Where is Your Payment?
The IRS has updated the “Get My Payment” website for Economic Impact Payment #3. The link below will show you when you can expect the payment to be in your account:
https://www.irs.gov/coronavirus/get-my-payment
If you are looking for frequently asked questions, visit: https://www.irs.gov/coronavirus/get-my-payment-frequently-asked-questions
What Can You Expect?
Here is a quick calculator to see what you can expect for this third stimulus. The income thresholds did change with this round. https://www.kiplinger.com/kiplinger-tools/taxes/third-stimulus-check-calculator/index.php
If you have questions, please contact your DHJJ accountant.
