1. What is the 3rd Stimulus Check?

The third stimulus check was part of the American Rescue Plan Act of 2021, providing direct payments to eligible Americans to help with economic challenges during the COVID-19 pandemic.

2. How Does the Calculator Work?

The calculator uses the stimulus check formula:

Where:

• \( Eligible \) — Number of eligible people (taxpayer, spouse, and dependents)
• \( Phaseout \) — Reduction amount based on adjusted gross income
• \( 1400 \) — Base amount per eligible person

Explanation: The maximum amount was $1,400 per eligible individual, with phaseouts beginning at certain income thresholds.

3. Importance of Stimulus Check Calculation

Details: Understanding your potential stimulus payment helps with financial planning and ensures you received the correct amount you were entitled to.

4. Using the Calculator

Tips: Enter the number of eligible people in your household and any phaseout amount based on your income. The calculator will determine your estimated payment.

5. Frequently Asked Questions (FAQ)

Q1: Who was eligible for the 3rd stimulus check?
A: U.S. citizens and resident aliens with Social Security numbers, not claimed as dependents, and with income below phaseout thresholds.

Q2: What were the income limits?
A: Full payment for singles earning ≤$75k, heads of household ≤$112.5k, and married filing jointly ≤$150k. Phased out completely at $80k/$120k/$160k.

Q3: Were dependents eligible?
A: Yes, all dependents (including adult dependents and college students) qualified for the $1,400 payment.

Q4: How was the payment delivered?
A: Most recipients received direct deposit, while others got paper checks or debit cards.

Q5: Could the payment be garnished?
A: Unlike previous stimulus checks, these payments were protected from most garnishment by private creditors.