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When will I get my Third Stimulus Check Payment?

By: Holly Benedetto03.16.21
Blog Third Stimulus Check

The only way to check the status of your Economic Impact Payment is to use the Get My Payment tool found on IRS.govThe tool updates once per day, usually overnight.

The associates at American Heritage do not have information about your payment beyond what you are able to view on IRS.gov. For information on the first or second Economic Impact Payments, please click here.

 

When are the payments being sent?

The first batch of payments was sent out on Friday, March 12, 2021 via direct deposit. There will be additional waves of payments to follow in the coming weeks by direct deposit and by mail, either as a check or debit card.

When using Get My Payment, you will see one of the following status messages:

Payment Status: A payment has been processed, a payment date is available and payment is to be sent either by direct deposit or mail (EIP Card or a check.)

Payment Status: You are eligible, but a payment has not been processed and a payment date is not yet available.

Payment Status Not Available: The IRS has not yet processed your payment or you're not eligible for a payment.

Need More Information: Your payment was returned to the IRS because the Postal Service was unable to deliver it. Only people who get this message can use the tool to provide the IRS bank account information.

For more information about Get My Payment, view the FAQs here.

 

How do I check my account balance?

The easiest way to see if the check deposit is pending within your American Heritage account is to check your balance using Online or Mobile Teller. Click here to login to Online Teller. Download our mobile app, Mobile Teller, on the Apple App Store or Google Play Store.

 

Who is eligible for the third stimulus payment?

The payments phase out at a lower threshold than the previous two payments.

Individuals who earn up to $75,000 receive the full $1,400. Payments phase out between $75,000 and $80,000, and exclude those making $80,000 and above.

Couples making $150,000 receive the full $1,400. Payments phase out between $150,000 and $160,000, and exclude those making $160,000 or above.

Heads of household with at least one dependent who earn $112,500 or less also get the full $1,400. Payments phase out between $112,500 and $120,000, and exclude those making $120,000 or above.

The third stimulus payment also includes adult dependents and elderly relatives under section 152 of the tax code, as follows: “Section 152(a) provides that the term “dependent” means a “qualifying child” (as defined in 2 section 152(c)) or a “qualifying relative” (as defined in section 152(d)).”

Economic Impact Payments are not considered taxable income by the IRS.

 

 

 

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