Individuals who earn up to $75,000 will qualify for full payments, as well as heads of households with up to $112,500 in income and married couples with up to $150,000. The payments will be gradually reduced and ultimately phased out for higher earners.
The IRS is aiming to get all of those checks out the door by Jan. 15. If you don't receive the money soon after, it's best to claim it on the tax return you file this spring, said Garrett Watson, senior policy analyst at the Tax Foundation. It's not just people who didn't receive $600 second checks who stand to get more money. It's also those who received no $1,200 check for which they were eligible.
The notices the government previously mailed regarding eligibility for the first or second payment can help you determine the amounts for which you can qualify. However, the section also applies to those who were overlooked and didn't receive those notices.