On Thursday, President Biden signed his $1.9 trillion American Rescue Plan which includes $1400 stimulus checks to eligible Americans.
White House Press Secretary Jen Psaki announced that people could start seeing stimulus payments in their accounts as early as this weekend. Payments will continue over the next several weeks. The IRS started processing and depositing the third stimulus payment on Friday.
According to Fox Business, the IRS has confirmed that the official payment date is March 17th. The exact date will be determined by the date your bank starts processing checks.
Do You Qualify for $1400 Stimulus Payment?
Qualifying individuals will receive $1400 stimulus checks. Married couples will be eligible for $2800. If you have qualified dependents, they will also be eligible for the $1400 stimulus. This includes 17-year-old dependents, elderly adults, and those who are disabled. A family of four could see as much as $5,600 in their accounts on Wednesday, March 17th.
To qualify, your income must not exceed certain thresholds. Individuals who have an adjusted gross income (AGI) up to $75,000 and married couples with AGI up to $150,000 get the full stimulus. Also, head of household filers with AGI up to $112,500 qualify for $1,400 stimulus.
Track Your Stimulus Payment
The Get My Payment tool is live for the $1400 Stimulus.
If you have not received your stimulus payment, you can use the IRS’s Get My Payment tool to obtain more information. Similar to the other two rounds of stimulus payment, you’ll be able to use the tool to track when your payment will arrive in your bank account.
To track the status of your payment, you will need to provide four pieces of information. First, you’ll need to provide your Social Security Number (SSN). If you don’t have that number, you can also use the Individual Tax Identification Number (ITIN).
Next, you’ll need to provide your date of birth. The next two steps require your street address and zip code. After you’ve completed all required fields, you’ll see a screen with your payment status. This screen will notify you when your payment will be deposited and the bank account that it will be sent to.
If you have additional questions regarding your payment, you can review the frequently asked questions section of the website.