When Is My Third Stimulus Check Coming? If you qualify, it should be arriving soon.

By Kenny Herzog

damircudic | Getty Images

As you've probably heard by now, President Biden is potentially mere hours away from signing his American Rescue Plan into law. The $1.9 trillion Covid-relief package, which will allocate billions of dollars in targeted assistance to states and municipalities, schools, national vaccination efforts and other areas of need, comes virtually a full year after last spring's similarly sweeping CARES Act.

The latter bill earmarked up to $1,200 per individual in no-strings-attached stimulus checks (or up to $2,400 per household) for millions of Americans and their dependents. Late last year, then-President Trump enacted something of a skinnier relief package that allowed for a second round of stimulus checks to those eligible, but with maximum payments halved.

And after much partisan handwringing, the American Rescue Plan — once officially on the books — will re-up those payments to as much as $1,400 per individual and $2,800 per household, with additional checks for any dependents. However, as a concession to moderate Democrats, there are new annual-salary caps on eligibility, among other adjusted guidelines (full text of the bill is here, and the IRS will likely soon be publishing concise stimulus-check guidance a la this FAQ from the last round).

Related: Senate Votes to Clear Way for $1,400 Stimulus Checks

So, assuming you meet the criteria, when will yours arrive? Soon. Certainly with greater haste than the second round, which was prolonged interminably as talks around the broader second relief package stalled for months. But once said second relief package became law just after Christmas, the checks were ultimately began arriving in folks' accounts and mailboxes over the next couple of weeks. And analysts anticipate a similarly speedy deployment post-Rescue Plan.

One analyst cited by CBS News went so far as to remark, "By next weekend, a couple making less than $160,000 could well have $2,800 deposited into their checking account." And that tracks with Biden's recent assurance that the money will begin making its way into Americans' wallets "as soon as" Congress passes his legislation.

We recommend continuing to monitor the IRS' website for any updates, and to consult your employer or accountant — or whomever has a handle on the stimulus specifications — with any questions about your eligibility.

Kenny Herzog

Entrepreneur Staff

Digital Content Director

Kenny Herzog is currently Digital Content Director at Entrepreneur Media. Previously, he has served as Editor in Chief or Managing Editor for several online and print publications, and contributed his byline to outlets including Rolling Stone, New York Magazine/Vulture, Esquire, The Ringer, Men's Health, TimeOut New York, A.V. Club, Men's Journal, Mic, Mel, Nylon and many more.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

'Now Accepting Applications': Elon Musk Is Opening a New Preschool in Texas Called Ad Astra. Here's How to Apply.

The school got an official permit last month to operate with as many as 21 students.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

'We're Not Allowed to Own Bitcoin': Crypto Price Drops After U.S. Federal Reserve Head Makes Surprising Statement

Fed Chair Jerome Powell's comments on Bitcoin and rate cuts have rattled cryptocurrency investors.

Business News

A New Hampshire City Was Named the Hottest Housing Market in the U.S. This Year. Here's the Top 10 for 2024.

Zillow released its annual lists featuring the top housing markets, small towns, coastal cities, and geographic regions. Here's a look at the top real estate markets and towns in 2024.

Leadership

How Smart People Handle Difficult People

Toxic people defy logic. Some are blissfully unaware of the negativity they spread, while others seem to derive satisfaction from creating chaos.