Third stimulus payments
Under the American Rescue Plan Act of 2021, the IRS will be sending Americans another round of economic impact payments of up to $1,400 ($2,800 for joint filers), plus an additional $1,400 for each dependent child. As your income increases, you’ll receive less payments. So if your adjusted gross income (AGI) exceeds $75,000 ($150,000 for joint filers and $112,500 for head of household filers) the payments are phased out to lower amounts. If your AGI reaches $80,000 ($120,000 for joint filers and $160,000 for head of household filers) these payments will be phased out completely.
To determine whether you will receive this payment, the IRS will use your 2019 or 2020 (if filed) tax return. But the payment will actually relate to the 2021 calendar year. If based on your 2021 US tax return the payment should have been higher, the difference will be refunded to you, so be sure to keep a record of the amount you receive.