![]() ![]() Similarly, if you previously received your EIP in the form of a check mailed to you by the IRS, the IRS will likely send your EIP3 to you the same way again – unless you provided your bank account information to the IRS when you filed your 2019 or 2020 U.S. So that’s not an option this time around.īut if you received your EIP1 or EIP2 by direct bank deposit, the IRS will automatically send your EIP3 the same way. This tool was closed in May 2020, though, and is no longer available. That's because the safest and fastest way to receive the EIP checks is by direct bank deposit. bank account provide this bank account information to the IRS, via a tool that the IRS had set up for this purpose. (Want to know if you qualify? I recomment this Kiplinger "Third Stimulus Check Calculator" to find out.)īack in April 2020, we recommended that every American overseas who happened to already have a U.S. For married households, the phaseout is between US$150,000 and US$160,000. For single households, the checks begin to phase out at US$75,000 of AGI and completely phase out at US$80,000. There are income phase-out limitations, though. Specifically, they're US$1,400 per individual, including dependents without age limitation. (We'll call this third payment "EIP3" for short.)ĮIP3s, which are the first to come out since Joe Biden entered the White House in January, are larger than the first two payments. government-funded Economic Impact Payment stimulus checks to individuals. ![]() Around a year ago, when the first coronavirus stimulus law – the so-called CARES Act – was signed into law by President Trump, we at The Crossborder Planner received lots of messages from Americans living abroad, who all shared the same problem: they didn’t know how to cash their IRS check abroad.įast forward to today, as the IRS is beginning to distribute the third round of U.S. ![]()
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