The Third Economic Stimulus Check Calculator can help you figure out how much money you will receive from the government in the upcoming bailout. Although the bill has not yet been passed, we have some idea of what the third stimulus package will look like, based on President Joe Biden's $1.9 trillion proposal.
Also known as the American Relief Plan, the bill includes a third stimulus check of $1,400 for millions of Americans (including dependents). If you are a single filer with an annual income of less than $75,000 on your most recent tax return, you should be eligible to receive the full amount.
However, those earning between $75,000 and $99,000 or with dependents may not know how much they are actually eligible to receive. Yes, even if they received the first $1,200 of stimulus and the second $600 of stimulus, the proposed eligibility requirements have changed slightly.
Forbes magazine has created a third stimulus check calculator on its website so that people can see the amount they might receive under the U.S. bailout plan. Note that until the bailout bill is signed into law, this calculator can only provide estimated amounts. The income limits of the third stimulus package are still up for debate.
To use the Forbes Third Stimulus Check Calculator, go to this link.
Scroll down about a quarter of the way down the entire page. The calculator should appear; select "yes" or "no" if you have filed your 2019 tax return, select your filing status, and enter your 2019 income.
If you have dependents, click "Add Dependent" and enter their ages. You must also enter the ages of any additional dependents.
Click the blue "Calculate" button to see how much your third stimulus check amount would be if the American Rescue Plan passes as proposed.
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