Understand the America Rescue Plan Act of 2021, including the third round of economic impact payments - also known as stimulus checks - that the Biden Administration is sending to Americans. We’ve got your back.
We’ll update this website with stimulus check status updates as we receive information from the US Government and the IRS. The content below was last updated on (March 12, 2021, 4pm EST):
We want to help you understand the third stimulus package prepared by the U.S. Congress.
The U.S. government sent economic impact payments, commonly referred to as stimulus checks, to eligible individuals affected by Coronavirus in December 2020. The Treasury Department and the IRS are delivering a third round of Economic Impact Payments as part of the COVID relief plan.
Cash App customers with account and routing numbers on file with the IRS began receiving a third set of stimulus payments from the U.S. Treasury Department on March 12th.
U.S. Congress has passed multiple bills to provide relief to those impacted by Coronavirus. The Biden Administration just approved a landmark bill that puts money in your pocket in the form of a third stimulus payment.
Who is eligible for a stimulus payment?
If you filed a tax return in 2019 or 2020, then there is a good chance that you qualify.
The government is using past tax data to determine who qualifies—and how much they qualify for. If you declared less than $75,000 of income on your last tax return, or as a married couple declared a combined income of less than $150,000, then you are eligible for the full stimulus payment. If you earned more than $75,000 or your household earned more than $150,000, you may still receive a smaller stimulus payment.
How can I get my payment?
Your stimulus payment could come in a few different forms: a direct deposit to a routing and account number (like the one you can get through your Cash App account), a paper check, or a prepaid debit card.
Those who already have their direct deposit payment information on file with the IRS will be among the first to receive their third stimulus payment, including those who previously registered using the IRS portals this spring.
If you do not have your payment information on file with the IRS, you can expect to receive a paper check or prepaid debit card in the coming weeks.
How can I check the status of my stimulus payment?The IRS is sending out hundreds of millions of direct payments, and that can take a bit of time.You can track your stimulus payment on the IRS “Get My Payment” portal. We post the funds as soon as we are receive them from the IRS.
How much will I receive?
If you declared less than $75,000 of income on your last tax return, you’ll get $1400. If you’re married and declared a combined income of less than $150,000, you’ll get another $1400. If you have kids, well, then an economic recession hits you even harder, so you will also receive $1400 for each child claimed as a dependent on your return.
Regardless of your situation, you should expect to be paid in one installment.
What happens if I earned more than $75,000?
If you declared more than $75,000 of income on your last tax return, or as a married couple declared a combined income of more than $150,000, then you may receive a smaller payment.
In other words, if you declared more than $80,000 of income on your last tax return, or as a married couple declared a combined income of more than $160,000, then you aren’t eligible for this second stimulus payment.
Need help calculating your estimated refund amount? Our calculator can help!
I’m a college student. Will I receive a stimulus payment?
Yes. If you are not claimed as a dependent, you are eligible for your own stimulus payment. If you are a college student that a parent or guardian declared as a dependent in either 2019 or 2020, an additional $1,400 will be added onto the stimulus payment of your payment or guardian.
Is this a one-time payment? Will there be another?
Three stimulus packages have been announced by the U.S. government. It is possible that a fourth or even a fifth could be issued. We will update this page as soon as we know for sure.
What if someone offers to speed up my payment?
If something looks too good to be true, it almost always is. Now is a good time to be extra wary of scams. Don’t click on links whose origins you aren’t 100% sure of. Check and recheck the usernames and email addresses of people you engage with online. And don’t send money to someone you don’t know.
Where should I go to learn more?
There are many good resources available online regarding the economic stimulus. The official impact payments website is one of the best.