But you might not have received all of your money at once. The third round of stimulus money initially was based on 2019 or 2020 tax return information. Those claiming the head-of-household filing status would not get stimulus money for the third round if their AGI was above $120,000. Married couples filing a joint tax return would not get any payments in the third stimulus if their adjusted gross income was more than $160,000. The payment was phased out entirely for single people with an adjusted gross income above $80,000. The third payment was quickly phased out based on income. Not everyone was eligible for stimulus money. An additional $1,400 was given for each qualifying dependent. ![]() The third economic impact payment amounted to up to $1,400 for each eligible person or $2,800 for couples. The third stimulus payment was part of the American Rescue Plan Act, signed by President Joe Biden on March 11, 2021. "Taxpayers are left to review their returns in order to determine the exact reason" why the recovery rebate credit was adjusted, according to the National Taxpayer Advocate.
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