Dependents who meet specific criteria may qualify for the third stimulus payment even if they didn’t receive the first or second payments. These dependents include qualifying children under 19 and full-time students under 24, as well as adults with disabilities who meet certain income requirements. To claim the payment for dependents, the taxpayer must file a 2021 tax return and include information about the dependents on the return. If the taxpayer is eligible, the IRS will issue the payment either as a direct deposit or a paper check.
Eligibility Requirements for Third Stimulus Checks
The third round of stimulus checks, also known as the American Rescue Plan Act of 2021, provides direct payments of up to $1,400 to eligible individuals and dependents. Here are the eligibility requirements for the third stimulus checks:
- Income Limits: Individuals with an adjusted gross income (AGI) below $75,000 for single filers and $150,000 for married couples filing jointly are eligible for the full amount of the stimulus check.
- Phase-out Provisions: Individuals with AGIs above these limits will receive reduced amounts of the stimulus check. The amount of the check is gradually reduced for AGIs between $75,000 and $80,000 (for single filers) and between $150,000 and $160,000 (for married couples).
- Dependents: Individuals are also eligible to receive $1,400 for each qualifying dependent they claim on their tax return.
- Age and Residency: Individuals must be U.S. citizens or resident aliens and must have a Social Security number to be eligible for the stimulus check.
- Non-Filers: Individuals who do not normally file a tax return may be eligible for a stimulus check by using the IRS’s non-filer tool.
The following table summarizes the eligibility requirements for the third stimulus checks:
| Filing Status | Full Payment | Reduced Payment | No Payment |
|---|---|---|---|
| Single | AGI < $75,000 | $75,000 ≤ AGI ≤ $80,000 | AGI > $80,000 |
| Married, Filing Jointly | AGI < $150,000 | $150,000 ≤ AGI ≤ $160,000 | AGI > $160,000 |
| Married, Filing Separately | AGI < $75,000 | $75,000 ≤ AGI ≤ $80,000 | AGI > $80,000 |
| Head of Household | AGI < $112,500 | $112,500 ≤ AGI ≤ $120,000 | AGI > $120,000 |
Claiming Dependents on Tax Returns
Claiming dependents on tax returns can affect your eligibility for the third stimulus payment. Here’s a guide to who qualifies as a dependent and how to claim them on your tax return.
Eligible Dependents
- Children under 19
- Children 19 or older who are full-time students under 24
- Children of any age who are disabled
- Spouses (claimed as dependents on your tax return)
- Parents (claimed as dependents on your tax return)
- Siblings (claimed as dependents on your tax return)
- Grandchildren (claimed as dependents on your tax return)
How to Claim Dependents
To claim a dependent on your tax return, you must provide their:
- Social Security number
- Name
- Relationship to you
- Date of birth
- Children under the age of 18 as of December 31, 2020
- Adult dependents who are claimed on someone else’s tax return and meet certain criteria, such as being unable to care for themselves due to a physical or mental disability
- Single filers: $75,000 to $80,000
- Married couples filing jointly: $150,000 to $160,000
- Heads of household: $112,500 to $120,000
Table of Eligible Dependents
| Dependent Type | Age | SSN Required |
|—|—|—|
| Child | Under 19 | Yes |
| Full-Time Student | 19-23 | Yes |
| Disabled Child | Any age | Yes |
| Spouse | N/A | Yes |
| Parent | N/A | Yes |
| Sibling | N/A | Yes |
| Grandchild | N/A | Yes |
Who Gets the Third Stimulus as a Dependent?
The third stimulus payment, which is part of the American Rescue Plan Act of 2021, provides financial assistance to eligible individuals and dependents. Here’s what you need to know about who gets the third stimulus as a dependent:
Dependents Eligible for the Third Stimulus
Social Security Recipients and the Third Stimulus
Social Security recipients who are claimed as dependents on someone else’s tax return are not eligible for the third stimulus payment.
Payment Details
The amount of the third stimulus payment for dependents is the same as the amount for eligible individuals: $1,400.
How Dependents Receive Payment
Dependents will receive their stimulus payment in the same way as the primary taxpayer. This means that if the primary taxpayer receives their payment by direct deposit, the dependent will also receive their payment by direct deposit.
Tax Implications
The third stimulus payment is not taxable income. However, it may affect certain benefits, such as Supplemental Security Income (SSI).
Phase-Out Income Limits for Dependents
The third stimulus payment included dependents, and the amount they received depended on the filer’s income. For dependents claimed on your tax return, such as children, other relatives, or non-relatives, the phase-out income limits were as follows:
If your income exceeded the phase-out limit, the amount of the stimulus payment for your dependent was reduced by $5 for every $100 of income above the limit.
For example, if you were a single filer with an income of $85,000 and claimed one dependent, your dependent would have received a reduced stimulus payment of $1,100 ($1,400 – $300).
| Filing status | Phase-out income limit |
|---|---|
| Single | $75,000 to $80,000 |
| Married filing jointly | $150,000 to $160,000 |
| Head of household | $112,500 to $120,000 |
**What Dependents Get the Tax Breaks?**
Yo, tax season is here, and you know what that means: confusion and stress. But don’t worry, fam, I got you covered.
So, you’re claiming dependents on your taxes, right? Cool. But who qualifies? Let’s break it down:
* **Your kids:** Real or adopted, as long as they’re under 19 or full-time students under 24.
* **Your parents or grandparents:** If you provide more than half of their support, and they meet certain citizenship and residence requirements.
* **Siblings, step-siblings, or foster children:** Same rules as parents/grandparents.
* **Other relatives:** Aunts, uncles, cousins, etc., can qualify if you provide more than half their support and meet certain residency requirements.
Now, dependents don’t just make you feel all warm and fuzzy; they can save you some cheddar on taxes. They give you:
* Higher personal and dependency exemptions
* Access to certain tax credits
So there you have it. If you’ve got dependents, you could be getting some extra tax breaks. Don’t sleep on it, son.
And hey, thanks for reading. Swing by again sometime, and let’s conquer your taxes together. Peace out!