Need a reason to celebrate this weekend?
How about 1,400 of them?
The first payments will go to taxpayers whose direct deposit information is on file with the IRS.
This post refers to stimulus checks issued in March 2021. For the most up-to-date info, check out ourrecent tax articles.
Who Qualifies for the Stimulus Check?
Those with incomes above these limits will have their payments gradually phased out.
The $1,400 payments for dependents have the same phaseout rules.
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The payments are based on your 2020 income if youve alreadyfiled your tax return.
If you have yet to file or the IRS hasnt accepted your return, theyll use your 2019 income.
Didnt file a 2019 or 2020 tax return?
you’re free to use afree toolon the IRS website orfree tax filing software.
The IRS can get the information it needs from the appropriate agency to get you your $1,400.
What if I Dont Get My Check This Weekend?
Try not to worry if your check doesnt arrive this weekend though we get it.
Its hard not to worry if you need that money for bills.
Right now, theres not much you might do to get your stimulus money any faster.
Fortunately, the wait will be a short one for most people.
Robin Hartill is a certified financial planner and a senior writer at The Penny Hoarder.
She writes the Dear Penny personal finance advice column.
Send your tricky money questions to[email protected].
It sounds appealing right?
Check it out here!
