Stimulus Check

A Guide


Using stimulus funds can help you manage your entire financial picture, including getting a handle on credit card debt. The guide helps you understand if you are eligible in these cases:

  • If you haven’t filed federal taxes or have no income
  • If you don’t have a bank account or a pre-paid debit card
  • If you have moved since you last filed taxes
  • If you receive Social Security Benefits
  • If you’ve already filed taxes and are signed up for direct deposit

The vast majority of Americans will be eligible to receive a third stimulus check from the federal government. Even if you have no income, you are still eligible but need to take action.

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March 2021 3rd Round Stimulus Checks

  • The maximum amount for the third round of stimulus checks would be $1,400 for any eligible individual or $2,800 per eligible couple filing taxes jointly.
  • Each eligible dependent — including adult dependents — also would qualify for a payment of $1,400. That means a family of four could receive as much as $5,600 in total.
  • Eligibility: Single adults who reported $75,000 or less in adjusted gross income on their 2019 or 2020 tax return would receive the full $1,400 payments, as would heads of household who reported $112,500 or less.
  • Couples filing jointly who earned $150,000 or less in adjusted gross income would receive the full $2,800.
  • The increase in the amount dependents could receive is one big change with this third round of stimulus payments.
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December 2020 Federal Bill

As the COVID-19 crisis continues, a December 2020 federal bill awards an additional  stimulus check to eligible Americans.

The bill includes restarting a $300 boost to the federal unemployment insurance benefit, extending eviction moratoriums for renters by a month and a $600 direct payment to most Americans, according to the 5,600 page text of the bill.

The payment is available to individuals earning up to $75,000 per year and to couples earning up to $150,000.

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2020 Tax Tip

If you still haven’t received the previous April 2020 stimulus payment or only got part of it, you can claim what is known as a “recovery rebate credit” when you file your 2020 tax return.

The Internal Revenue Service has more details about the “Recovery Rebate Credit” on  its website.

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Get the Information You Need

The stimulus guide includes an FAQ section for understanding important info, including:

  • Who is eligible to receive a stimulus check?
  • How will the IRS determine income for the stimulus payment?
  • How much money you will receive.
  • Will the stimulus money be considered income that has to be claimed on taxes?
  • How will you get the stimulus payment?
  • The stimulus check’s impact on other benefits or if debts are owed to other agencies.
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Maximize Your Stimulus Payment

Understand your full financial picture and how you can use your stimulus to get ahead of your debt.

Take this 3-minute assessment and find out how.

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This content was shared by the University of Michigan Poverty Solutions and Civilla. These organizations are committed to ensuring that people have access to COVID-19 stimulus payments. We are grateful for their contribution and believe we can do more when we work together.