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According to the IRS, the third round of Economic Impact Payments, or “EIP3” is being issued in phases to eligible individuals. The IRS began sending the first batch of payments with an official payment date of March 17 and will continue to send payments to eligible individuals each week as they continue to process tax returns. Payments are being sent by direct deposit or through the mail as a check or a debit card. Eligible individuals should use the Get My Payment tool to find out when and how the EIP3 was sent. Please note the payment status for the first and second Economic Impact Payments is no longer available using the Get My Payment Tool. To get information on the first or second round of Economic Impact Payments, the IRS requires eligible individuals to view or create an online account. You can also check your mail for IRS Notices 1444 and 1444-B. Refer to the IRS website for more information. Based on information from the IRS, if you did not receive a first and/or second Economic Impact Payment or if you received less than the full amount, you may be eligible to claim the 2020 Recovery Rebate Credit and must file a 2020 tax return even if you do not usually file a tax return. Last Reviewed: April 2021 Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on HelpWithMyBank.gov should not be construed as legal advice or a legal opinion of the OCC. Third Round of Stimulus Money — from the American Rescue PlanThe 2021 stimulus paymentOn March 11, 2021, the American Rescue Plan was signed into law. It called for sending a third round of stimulus checks (called Economic Impact Payments - EIP) to Americans. The American Rescue Plan authorized a $1,400 stimulus payment to eligible people. Learn more about it on the IRS website. Most people already received their payments, which were based on income reported on their 2019 or 2020 tax return. If you believe you did not get all or part of the $1,400 stimulus from the American Rescue Plan of 2021, you should claim this as a “recovery rebate credit” on your 2021 tax return. If tax is owed, the credit will be applied to that amount. If you are due a refund, that sum will reflect the credit. Learn where to get help filing your taxes. How much money will I get?
How do I get the stimulus payment?
How do I check on my payment?
What if I get Social Security, VA or Railroad Retirement?The IRS sent automatic payments to qualifying individuals who, as of January 1, 2020, were receiving Social Security, Veterans or Railroad Retirement benefits. If you didn’t get a payment for dependents, you may need to file a 2021 tax return to claim it. When will I get the payment? And what can I do if I don’t get it?We believe the IRS will continue to send the third round of payments until December 2021. Because this third round of stimulus is actually an advance payment of a tax credit for tax year 2021, you should be able to claim this credit on your 2021 tax return if you do not get it by the end of 2021. How do I get help filing a tax return to claim my EIP?
Will the stimulus check affect my benefits?The stimulus money will not count as “income” and will not reduce your SSI, Reach Up, subsidized housing, Medicaid or 3SquaresVT (food stamps). The money also will not count as a “resource” as long as you spend it within a year. I get SSI. Should I spend the stimulus money within a year? What can I spend it on?Spend down your CARES Act EIP money before 12 months have passed since receiving the payment. You are not limited in what you can spend the money on. You can spend down on whatever you wish, including on gifts and charitable contributions. If you don't spend it within 12 months, the Social Security Administration will count the money as a “resource.” Will I be taxed on the stimulus check in any way?No. The stimulus money will not count as “income.” Can my stimulus check be taken from me to pay a debt or child support?No. The payment cannot be taken from you to pay past-due child support. Can my stimulus check be taken from me to pay a debt?The American Rescue Plan law specifically exempts the stimulus payments from state or federal debt offset. However, private debt collectors could still seek out these funds. Can a nursing home or assisted living facility take the payment from me?No. If you qualify for a payment, it’s yours to keep. If a loved one qualifies and lives in a nursing home, residential care home or assisted living facility, it’s theirs to keep. The facility may not put their hands on it or require somebody to sign it over to them. Even if that somebody is on Medicaid. What about people with ITINs?You still need a work-authorizing Social Security Number (SSN) to be eligible for this stimulus. However, there are important changes since the first round of stimulus checks.
Helpful fact sheets
Second Round of Stimulus Money — from the CRRSA ActOn December 27, 2020, the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSA Act) was signed into law. It called for sending a second round of stimulus checks (called Economic Impact Payments - EIP) to Americans. The IRS sent out the money. How much money will I get?
How do I get it?
When should I get my payment?The IRS was given hard and fast deadlines to send the two rounds of Economic Impact Payments out to American families. The first round of payments had to be sent out by December 31, 2020. The second round had to be sent out by January 15, 2021. What this means: If you have not received the first or second round of payments yet, then you will not be getting them in advance. The good news is that you can still do something to get these payments. Read below. What can I do if I have not received my EIP money by those deadlines?If you have not received all or some portion of your Economic Impact Payments (whether your own payment or those for your dependents under age 17) by the deadlines above, you will have to file a 2020 tax return (Form 1040) and claim these amounts. You claim them on line 30 of the 2020 Form 1040 as a "Recovery Rebate Credit". This is another name for the EIP stimulus payments. If you did not get all or a portion of the EIP payments in advance, then you can claim them on line 30 of your tax return for 2020. How do I get help filing a 2020 tax return to claim my EIP?The IRS recommends electronic filing, and we agree. It is a faster, more secure option. Paper forms will take much longer to be processed by IRS. You may qualify for free e-file software. You can also call the Vermont 2-1-1 hotline and follow the menu options for tax preparation. Through this service you may be able to schedule an appointment with a free Volunteer Income Tax Preparation Assistance (VITA) site. These sites are staffed by trained volunteers. They provide free preparation services to taxpayers who meet eligibility requirements. Also, you can find Form 1040 and Form 1040 instructions on the IRS website. The instructions for the "Recovery Rebate Credit" are found on pages 57 - 59. What if my spouse or ex-spouse took my payment?If you did not get all or some portion of your Economic Impact Payments (whether your own payment or those for your dependents under age 17) you can file a 2020 tax return (Form 1040) and claim these amounts on line 30 of the form. The IRS is referring to this as the “recovery rebate” and will allow you to claim any of the EIPs that you did not get in advance. You may get a denial letter from the IRS, but that is the opportunity to reply (within 60 days) and explain your situation to the IRS. In this situation, Vermonters with a low income can contact us for help at the Vermont Low-Income Taxpayer Clinic (LITC) by filling out our form or calling 1-800-889-2047. Will the stimulus check affect my benefits?The stimulus money will not count as “income” and will not reduce your SSI, Reach Up, subsidized housing, Medicaid or 3SquaresVT (food stamps). The money also will not count as a “resource” as long as you spend it within a year. Will I be taxed on the stimulus check in any way?No. The stimulus money will not count as “income.” Can my stimulus check be taken from me to pay a debt or child support?No. These payments will not be subject to garnishment or levy by private creditors or debt collectors. Also, these payments cannot be taken from you to pay past-due child support. Can a nursing home or assisted living facility take the payment from me?No. If you qualify for a payment, it’s yours to keep. If a loved one qualifies and lives in a nursing home, residential care home or assisted living facility, it’s theirs to keep. The facility may not put their hands on it or require somebody to sign it over to them. Even if that somebody is on Medicaid. What about people with ITINs?You still need a work-authorizing Social Security Number (SSN) to be eligible for this stimulus. However, there are important changes in this second round of stimulus checks.
Video: Second Round of COVID Economic Impact Payments/Stimulus Checks. Watch the video on Facebook. On January 7, 2021, attorney Zachary Lees of Vermont Legal Aid's Low-Income Taxpayer Clinic discussed who is eligible to get the stimulus payments and how they will be sent out. He also answered COVID-related tax questions. Is there a third round of economic impact payments status available?Getting Your Payment
Most eligible individuals received their third Economic Impact Payment automatically and didn't need to take additional action.
Is there a third round of economic impact payments 2022?(updated March 25, 2022)
We are also sending Letter 6475 through March 2022 to the address we have on file for you, confirming the total amount of your third-round Economic Impact Payment, including any plus-up payments you received for tax year 2021.
Are 3rd round stimulus checks coming?The IRS issued all the third-round stimulus checks by the end of 2021, but eligible people who didn't receive a check last year can still get stimulus money by filing a 2021 tax return now and claiming the recovery rebate credit. (And some Americans will also get a state "stimulus check" this year.)
When did 3rd round stimulus payments go out?Third round of stimulus checks: March 2021
The third payment provided eligible individual taxpayers for a check of up to $1,400, while couples filing jointly could receive a maximum of $2,800.
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