Economic Impact Payments (2024)

The Treasury Department, the Bureau of the Fiscal Service, and the Internal Revenue Service (IRS) rapidly sent out three rounds of direct relief payments during the COVID-19 crisis, and payments from the third round continue to be disbursed to Americans.

Starting in March 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provided Economic Impact Payments of up to $1,200 per adult for eligible individuals and $500 per qualifying child under age 17. The payments were reduced for individuals with adjusted gross income (AGI) greater than $75,000 ($150,000 for married couples filing a joint return). For a family of four, these Economic Impact Payments provided up to $3,400 of direct financial relief.


The COVID-related Tax Relief Act of 2020, enacted in late December 2020, authorized additional payments of up to $600 per adult for eligible individuals and up to $600 for each qualifying child under age 17. The AGI thresholds at which the payments began to be reduced were identical to those under the CARES Act.


The American Rescue Plan Act of 2021 (American Rescue Plan), enacted in early March 2021, provided Economic Impact Payments of up to $1,400 for eligible individuals or $2,800 for married couples filing jointly, plus $1,400 for each qualifying dependent, including adult dependents.

  • For this third round of Economic Impact Payments, the American Rescue Plan requires an additional “plus-up” payment, which is based on information (such as a recently filed 2020 tax return) that the IRS receives after making the initial payment to the eligible individual.
  • In addition, the American Rescue Plan increases direct financial relief to American families by providing $1,400 payments for all qualifying dependents of a family, rather than just qualifying children under age 17.

Normally, a taxpayer will qualify for the full amount of Economic Impact Payment if they have AGI of up to $75,000 for singles and married persons filing a separate return, up to $112,500 for heads of household, and up to $150,000 for married couples filing joint returns and surviving spouses. Payment amounts are reduced for eligible individuals with AGI above those levels.


The Treasury Department and the IRS continue to expand outreach to millions of homeless, rural poor, and other disadvantaged Americans to ensure that they receive Economic Impact Payments. This includes new and continued relationships with homeless shelters, legal aid clinics, and providing Economic Impact Payment information in more than 35 languages.

Check the Status of Your Economic Impact Payment

Economic Impact Payments (2024)

FAQs

Who qualifies for the Economic Impact payment? ›

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides for Economic Impact Payments to American households of up to $1,200 per adult for individuals whose income was less than $99,000 (or $198,000 for joint filers) and $500 per child under 17 years old.

Are there 3 economic impact payments? ›

Yes, if you meet the eligibility requirements. While you won't receive an automatic payment now, you can still get all three payments. File a 2020 return and claim the Recovery Rebate Credit.

How much was EIP 1 and 2? ›

That depends on your income, marital status, dependents, and the relief package in question—here's a basic overview: Individual taxpayers: $1,200 from EIP1. $600 from EIP2.

How do I know if I received the economic impact payment? ›

Visit https://www.irs.gov/coronavirus/get-my-payment to check the status of your EIP.

Who is not eligible for economic impact payment? ›

Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible.

How do I know if I'm getting a stimulus check? ›

Your Online Account: Securely access your individual IRS account online to view the total of your first, second and third Economic Impact Payment amounts under the “Economic Impact Payment Information” section on the Tax Records page. IRS EIP notices: We mailed these notices to the address we have on file.

Is the IRS still sending out economic impact payments? ›

The IRS has issued all first, second and third Economic Impact Payments.

What if I never received the economic impact payment? ›

To start a payment trace:

Call the IRS at 800-919-9835. Mail or fax a completed Form 3911 to the IRS.

How do I know if I got the 3rd stimulus? ›

You can also refer to your Notice 1444-C, a letter sent by the IRS to recipients, which shows the third stimulus payment amount for 2021. The IRS started mailing Letter 6475 to taxpayers in January—the letter confirms the total amount of the third stimulus payments received for the 2021 tax year.

Is it too late to get stimulus check? ›

It's not too late to claim any stimulus checks you might have missed! You will need to file a 2020 tax return to get the first and second stimulus checks and a 2021 tax return to get the third one.

What is the $1,400 COVID relief payment? ›

The third stimulus payment will be larger for most people. Most families will get $1,400 per person, including all dependents claimed on their tax return. Typically, this means a single person with no dependents will get $1,400, while a family of four (married couple with two dependents) will get $5,600.

What is the income limit for the economic impact payment? ›

$75,000 for individuals if filing as single or married filing separately. $112,500 if filing as head of household and. $150,000 if filing married filing jointly.

What is the $1400 economic impact payment? ›

The American Rescue Plan Act of 2021 (American Rescue Plan), enacted in early March 2021, provided Economic Impact Payments of up to $1,400 for eligible individuals or $2,800 for married couples filing jointly, plus $1,400 for each qualifying dependent, including adult dependents.

Is the $1,400 subsidy real? ›

No. Videos and ads claiming Americans can get a $1,400 stimulus check, subsidy, or voucher are a scam. No such government program exists despite fake ads using logos from Health & Human Services, Medicare, Social Security, and even President Biden. Any offer you see is fraudulent regardless of appearances.

How do I get all stimulus checks? ›

You will need to file a 2020 tax return to get the first and second stimulus checks and a 2021 tax return to get the third stimulus check. You must file a 2020 tax return by May 17, 2024. To claim your first, second, or third stimulus checks, visit GetYourRefund.org which opens January 31, 2024.

Who qualifies for the senior stimulus check? ›

Senior Stimulus Checks worth $2000 Check Status

Seniors 65 years of age or over who also receive VA, SSDI, or SSI payments will be eligible for this benefit.

How do I request an economic impact payment? ›

First, visit IRS.gov and look for Non-Filers: Enter Payment Info Here. Then provide basic information including Social Security Number, name, address, and dependents. The IRS will use this information to confirm eligibility and send the Economic Impact Payment. No tax will be due as a result of receiving the payment.

Who is eligible for the VA stimulus check 2024? ›

Key eligibility requirements include: Veterans must have a service-connected disability rating. The disability must have occurred or been aggravated during military service. The veteran's discharge must be under conditions other than dishonorable.

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