Document Analysis NLP IA
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Summary (IA Generated)
With the House vote, we have a much better idea of which individuals and families would meet the requirements to receive the third round of payments.
With the vote, we know the next stimulus check will be ‘targeted,’ which could affect the amount you receive or even disqualify you from getting a payment.
While you could qualify for thousands of dollars more than last time (new tax breaks for children and older adults could also bring your family more money), your eligibility might also hinge on whether the IRS will use your 2019 or 2020 tax return to determine your payment.
More people could qualify for the third stimulus check, based on the House-approved bill.
The proposal the House approved (PDF) would keep the income limit for individuals and families who’d qualify for a full stimulus payment the same as it was for the first two rounds of checks.
Because the third stimulus checks are expected to max out at ,400 — $200 more than the first round — some people who didn’t qualify for any previous stimulus money may actually get a small check this time.
According to CNET‘s third stimulus check calculator, if a bill passes with the most recent guidelines, a single taxpayer earning $99,000 would receive a check for $56.