Wondering when you will get your third COVID stimulus payment? You can now track with the Internal Revenue Service’s “Get My Payment” tool.
The IRS announced over the weekend the third round of stimulus checks, officially known as Economic Impact Payments, will be reaching Americans over the next week. The first batch will be sent direct deposit – some reported their payments arrived over the weekend – with more coming in the following weeks. Additional batches will follow through the mail as a check or debit card.
The vast majority of payments will come via direct deposit, the IRS announced.
The recently passed American Rescue Plan Act includes payments of up to $1,400 for individuals and dependents and $2,800 for married couples. Individuals earning up to $75,000 or couples earning up to $150,000 are eligible for the full amounts. The payments will phase out above those income levels with individuals who earn more than $80,000 or couples who earn more than $160,000 ineligible for payments.
Adjusted Gross Income used to determine eligibility will come from 2019 or 2020 tax returns.
Track your payments
The IRS said no action is needed by most taxpayers and payments will be automatic similar to how people received the first and second round of stimulus payments in 2020.
The IRS has also launched the “Get My Payment” tool on IRS.gov so people can see the payment status of the third stimulus check.
Some people may see direct deposits as pending or provisional in their accounts before the official payment date of March 17, the IRS said. Some users are also reporting seeing a “Payment Staitus Not Available” message. If that’s the case
- Your payment hasn’t been processed yet.
- The IRS doesn’t have enough information to issue you a payment.
- You aren’t eligible for a payment.
Also, Social Security and other federal beneficiaries will generally receive the third payment in the same way as their regular benefit. A benefit date for this group has not been announced.
