The eligibility rules could shift with the third stimulus payment in a big way. There’s a lot to know.
Sarah Tew/CNET
The eligibility rules for a third stimulus check are everchanging as the Senate continues to amend the contents of the $1.9 trillion relief package. A significant change made to the House’s version of the bill would adjust who qualifies for the $1,400 payment, setting a drastic eligibility cutoff for individuals and families. This change would also alter the stimulus check formula the IRS uses to determine your payment amount.
The newest change involves lowering the income limit to further “target” the check, which could affect the total amount you receive or even disqualify you from receiving a payment. On the flipside, if your AGI is below the proposed cutoff, you’d still likely qualify for thousands of dollars more than you did with the first two payments. Plus, new tax breaks for children and older adults could also bring your family more money. One thing to be aware of is your eligibility could also be…
