Second Stimulus Check Update

Last updated: 1-4-2021 at 10:00 am

This information is to provide a high-level overview of the second round of Stimulus Checks.

The Second stimulus check payments are on the way!!! The Internal Revenue Service and the Treasury Department have begun delivering a second round of Economic Impact Payments (EIP) as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who received the first round of payments earlier this year. The IRS emphasizes that there is no action required by eligible individuals to receive this second payment.

Do You Qualify?

  • Single and made under 75,000? You qualify in full.
  • Married, filing jointly and you made under $150,000? You qualify in full.
    • Parents received an additional $600 for each dependent child (age 16 or younger).

        How Much Will My Check Be?

        Eligible individuals will automatically receive an EIP of up to $600 for individuals or $1,200 for married couples and up to $600 for each qualifying child (age 16 or younger). Generally, if you have adjusted gross income for 2019 up to $75,000 for individuals and up to $150,000 for married couples filing joint returns and surviving spouses, you will receive the full amount of the second payment.

        • Partial payments were available to individuals earning up to $99,000 or couples earning up to $198,000. Parents received an additional $600 for each dependent child (age 16 or younger).
        • For every $100 you exceed these income thresholds, you’ll receive $5 or 5% less of a stimulus payment.
        • Taxpayers with direct deposit information on file will receive the payment that way. Taxpayers without current direct deposit information on file will receive the payment as a check or debit card in the mail. 

        To speed delivery of the payments to reach as many people as soon as possible, the Bureau of the Fiscal Service, part of the Treasury Department, will be sending a limited number of payments out by debit card. Please note that the form of payment for the second mailed EIP may be different than for the first mailed EIP. Some people who received a paper check last time might receive a debit card this time, and some people who received a debit card last time may receive a paper check.

        When can I expect it?

        • Direct Deposit: December 30, 2020 – January 6, 2021
        • Debit Cards or Checks:  January 22, 2021

        Will I receive anything for my tax records showing I received a second EIP?

        Yes. People will receive an IRS notice, or letter, after they receive a payment telling them the amount of their payment. They should keep this for their tax records.

        Did You Move Recently? To avoid your Stimulus Check being mailed to your former address, go to USPS.gov and use the “Change My Address” form as soon as possible.

        Later this week, you may check the status of your payment at IRS.gov/GetMyPayment.

        IRS Press Release

        Questions?

        Let one of our tax experts help you by calling (888) 388-1040.