On Thursday, President Biden signed his US $ 1.9 trillion bailout plan, which includes $ 1,400 stimulus checks for eligible Americans.
White House press secretary Jen Psaki announced that people could see stimulus payments on their accounts as early as this weekend. Payments will continue over the next few weeks. The IRS began processing and filing the third stimulus payment on Friday.
According to Fox Business, the IRS has confirmed that the official payment date is March 17th. The exact date is determined by the date your bank starts processing checks.
Do You Qualify for a $ 1400 Stimulus Payment?
Qualified individuals receive $ 1,400 worth of stimulus checks. Married couples are entitled to $ 2,800. If you have qualified dependents, they are also eligible for the $ 1400 incentive. This includes 17 year old loved ones, older adults and the disabled. A family of four saw up to $ 5,600 in their accounts on Wednesday March 17th.
To qualify, your income cannot exceed certain thresholds. Individuals with Adjusted Gross Income (AGI) of up to $ 75,000 and married couples with AGI of up to $ 150,000 will receive the full incentive. Additionally, householders with an AGI of up to $ 112,500 qualify for a $ 1,400 incentive.
Track your stimulus payment
The Get My Payment tool is available for the $ 1400 stimulus.
If you haven’t received your Stimulus payment, you can use the IRS Get My Payment tool for more information. Similar to the other two rounds of Stimulus Payment, the tool allows you to track when your payment arrives in your bank account.
To track the status of your payment, you will need to provide four pieces of information. First, you need to provide your Social Security Number (SSN). If you do not have this number, you can also use the individual tax identification number (ITIN).
Next, you need to provide your date of birth. The next two steps require your address and zip code. After completing all of the required fields, a screen will appear with your payment status. This screen will notify you when your payment is being deposited and which bank account it is being sent to.
If you have more questions about your payment, you can check out the frequently asked questions section on the website.
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