The details of theare shifting, as the Senate takes up the this week. Senate Democrats are looking to lower some of the for the , which could change some who the Senate defines as “higher earners” would receive. While nothing is settled as Congress works to hit for , we know enough right now about the proposed Senate guidelines to help you quickly estimate you may be eligible for.
With each of, lawmakers have adjusted not just the dollar amount but the . So that you don’t have to keep track of all the complicated and shifting changes yourself, you can use our payment calculator to plug in your individual information and get a personalized estimate. Among the changed factors determining the size of your payment are , , and .
Here’s more information on how you could potentially get a, as well as how it’s or . Here’s how a . And if you’re one of the millions of Americans yet to receive the first or second stimulus check, . This story is updated often.
Our third stimulus check calculator can help work out your ‘targeted’ $1,400 payment
The Senate is working on thebill this week, looking to approve its version of the legislation by the weekend. Senate Democrats have already proposed changing upper income limits for individual taxpayers and families that could result in some who the Senate defines as higher earners no longer qualifying for a payment. The changes would make the third check look different from the first two checks by lowering the reducing that upper cap, above which you’d no longer receive any money. ( .)
The bill isn’t complete yet, so the Senate could change again how the legislationOur calculator tool will give you an idea of the amount you can expect based on the current Senate changes. The stimulus calculator won’t store or use your data. Since our calculations are based on the most recent House proposal, it could change again before becoming law.
Proposed $1,400 stimulus calculator
Use details from your 2019 or 2020 tax return
1. Choose your filing status below.
Here’s who would get the full amount, based on, and when you would completely phase out of receiving a payment, using the new Senate guidelines. As an individual or couple’s income goes up, the size of the partial payment would get smaller.
Stimulus check proposal for income limits
|Full $1,400 per person maximum (based on AGI)||Not eligible (based on AGI)|
|Individual taxpayer||Less than $75,000||$80,000 or more|
|Head of household||Less than $112,500||$120,000 or more|
|Married couple filing jointly||Less than $150,000||$160,000 or more|
How new eligibility rules could affect stimulus check calculations
New with economic-relief proposal,. Also new: The upper income limit is a hard cap. Above the income ceiling, you no longer qualify for any stimulus money, including for your dependents. With the first two checks, you could hit the cap and still receive money for a dependent.
Expandingwould make approximately 13.5 million more adult dependents count toward their household total, according to . Biden’s proposal also looks to include families with ; that is, where at least one family member .
How much money can you expect to receive with the third payment?
To give you an idea of how much you might expect to receive in a third payment using the income guidelines Congress is considering, we calculated a few scenarios for individuals, heads of households and families in the chart below. You can see how setting a hard upper limit changes your payment, based on the amount of money you could expect.
Payments for different incomes and dependents
|Individual||Head of household||Married couple, filing jointly|
|AGI of $75,000 and no dependents||$1,400||$1,400||$2,800|
|AGI of 79,000 and no dependents||$280||$1,400||$2,800|
|AGI of $90,000 and no dependents||$0||$1,400||$2,800|
|AGI of $100,000 and no dependents||$0||$1,400||$2,800|
|AGI of $100,000 and 1 dependent||–||$2,800||$4,200|
|AGI of $115,000 and 1 dependent||–||$1,867||$4,200|
|AGI of $120,000 and 1 dependent||–||$0||$4,200|
|AGI of $130,000 and 1 dependent||–||$0||$4,200|
|AGI of $100,000 and 2 dependents||–||$4,200||$5,600|
|AGI of $115,000 and 2 dependents||–||$2,800||$5,600|
|AGI of $155,000 and 2 dependents||–||$0||$2,800|
|AGI of $160,000 and 2 dependents||–||$0||$0|
For more, here’s how to , what to do and here are the important things to know about .