Who is eligible?
Not everyone who received money in the initial round of $1,200 payments that went out last spring was eligible for the second $600 check.
The smaller payments phased out faster, cutting off individuals who earn more than $87,000 a year and couples without children earning more than $174,000 a year.
The first two rounds of stimulus payments were based on a taxpayer’s 2019 income. That means that someone who lost their job or otherwise saw their income drastically fall in 2020 may be eligible for more money than they first received.
Those who may have earned more in 2020 than 2019 are not required to pay back money they have already received.
Congress is considering a third round of payments
Individuals earning less than $75,000 a year and married couples earning less than $150,000 would be sent the full amount.
But not everyone who received a previous stimulus check would be eligible for this round. The payments would phase out faster and completely cut off individuals earning more than $100,000 and families earning more than $200,000 — regardless of how many children they have.
The payment will be calculated based on either 2019 or 2020 income. Unlike the previous two rounds, adult dependents would be eligible for the payments.
Lawmakers hope to get legislation passed by mid March. The full House may vote on the bill as soon as next week, but it could face hurdles in the Senate.