Cornerstone Accounting Solutions
Economic Impact Payment #3
In March 2021, President Biden approved a third round of stimulus payments (EIP #3) to eligible taxpayers. These payments were sent by check, debit card, or direct deposit starting March 17, 2021. President Biden approved payments of $1,400 per eligible individual ($2,800 for married couples filing jointly) and $1,400 per eligible dependent. Please see eligibility parameters below:
Taxpayer is a U.S. citizen or U.S. resident alien (and their spouse if filing a joint return)
Taxpayer is not a dependent of another taxpayer
Taxpayer has an adjusted gross income (AGI) less than:
Filing as married filing jointly or qualifying widow/widower: less than $150,000
Filing as head of household: less than $112,500
Filing single or married filing separate: less than $75,000
If you are unsure if you received this payment, or unsure of the amount you received, please visit the IRS website here to find your payment status.
You can also inquire about your EIP amount by contacting your bank and confirming your payment amount with them.
For more information, click here for a free, downloadable brochure.