2021 Stimulus Checks

The American Rescue Plan ("ARP"), recently signed into law by President Biden, contains a number of provisions designed to keep the economy bouncing back and support people hard hit by the pandemic. One of the key provisions for individuals and families is stimulus checks. Check Amounts $1,400 for single taxpayers $2,800 for married taxpayers filing jointly $1,400 for each dependent for 2021 Phaseouts These payments are subject to phase-outs. If you earned too much, your payment may be reduced or eliminated. See details below. The government is going to make these payments based on your most recent tax return on file with the IRS. They might look at your 2019 or 2020 return. If you get a check there are no…

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