(That's why the government sent out plus-up payments last year.) You gained a dependent in 2021 You may be eligible for a partial payment if you earned between $75,000 and $80,000 in 2020 as a single filer, between $150,000 and $160,000 jointly, or between $112,500 and $120,000 as a household filer in 2020 but your income fell below those thresholds in 2021. If you earned more than $80,000 as a single filer, more than $160,000 as joint filers, or more than $120,000 as a head of household in recent tax years, but less than that amount in 2021, you may now qualify for as much as $1,400 per person. You probably qualify for more stimulus money if. For the most part, it comes down to whether your adjusted gross income (AGI) dropped or if you added a new dependent to your family.
#Turbotax stimulus check rebate full
This matters because if you didn't initially qualify for the full third stimulus check - and your circumstances changed in 2021 - you may be eligible for more money.
The eligibility requirements for the 2021 Recovery Rebate Credit are the same as they were for the third stimulus check, but they're now based on your 2021 tax data. When the IRS sent out all those checks last year, it used information from your 2020 or 2019 tax return to determine whether you qualified and for how much. Hawaii Alaska Florida South Carolina Georgia Alabama North Carolina Tennessee RI Rhode Island CT Connecticut MA Massachusetts Maine NH New Hampshire VT Vermont New York NJ New Jersey DE Delaware MD Maryland West Virginia Ohio Michigan Arizona Nevada Utah Colorado New Mexico South Dakota Iowa Indiana Illinois Minnesota Wisconsin Missouri Louisiana Virginia DC Washington DC Idaho California North Dakota Washington Oregon Montana Wyoming Nebraska Kansas Oklahoma Pennsylvania Kentucky Mississippi Arkansas Texas Get Started Who qualifies for more stimulus money? Here's everything you need to know about claiming the Recovery Rebate Credit. Because it's fully refundable, the credit will either lower the amount of money you owe Uncle Sam or increase the size of your tax refund. That means if the IRS owes you more stimulus money, you can claim the credit when you file your taxes this year. The third Economic Impact Payment - aka EIP3, aka the third stimulus check - was an advance payment of the 2021 Recovery Rebate Credit. In January, the IRS announced that it had officially issued all the third stimulus checks it was going to.īut if you didn't receive a check and think you're due one, or you did but received less than the full amount, don't fear. Last year, the IRS sent out more than 175 million third-round stimulus payments totaling over $400 billion to help people contend with the challenges of the COVID-19 pandemic. But here's something that could entice you to pull out all that paperwork: The government may owe you more stimulus money. You're not alone if you're dreading filing your taxes this year.
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