3/30/2023 0 Comments Plus up payment![]() ![]() If this resembles your situation, you're done and can't get any more from these stimulus checks.īut if you got less than the full amount of any of these three rounds of payments, and your tax situation changed in 2020, then you may be eligible for additional money. So a married couple of with three kids under 17 at home would have received a maximum of $3,700 in the first round, $3,000 in the second round and $7,000 in the third. The third check was more generous, giving $1,400 to every qualifying individual plus $1,400 for each dependent of any age. The second gave $600 to qualifying individuals plus $600 for each dependent under age 17. The first stimulus check gave $1,200 to every qualifying individual, plus $500 for each dependent under age 17. Marriage or another reason to shift to filing joint returnsĪnyone who received the full amounts of all three stimulus payments, including payments for dependents, will not qualify for either the plus-up payments or the Recovery Rebate Credit.The birth of a child, or the addition of another dependent.That change in tax status could be caused by several factors, including: Have had a major change in your tax status in 2020.Have not received the full amount of any of the three stimulus checks AND.To qualify for either the plus-up payment or the Recovery Rebate Credit, you have to: In both cases, whether you qualify for a payment depends on how much you received from any of the three stimulus checks and whether your tax situation changed from 2019 (or 2018) to 2020. Who qualifies for the plus-up payment or the Recovery Rebate Credit? But while the plus-up payment will come to you automatically once your return is processed by the IRS, the rebate credit is something you have to claim on your 2020 return. ![]() Both the plus-up payment and the rebate credit will be determined by your 2020 tax return. ![]()
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