As with the EIP 1 and EIP2, most recipients will receive these payments by direct deposit.
● For Social Security and other beneficiaries who received the first round of payments via Direct Express, they will receive this second payment the same way.
● Debit cards are being issued again. New cards are issued for each EIP.
● The IRS cannot change payment information, including bank account or mailing
information. No non filer tool for this EIP Payment.
● Credit is NOT subject to offset like EIP1 and EIP2.
Special temporary rule allowing lower income individuals to use their
earned income from tax year 2019 to determine the EITC
In the 2020 tax year, the taxpayer may elect to use 2019 earnings instead of
2020 earnings to calculate the credit, if they choose.
New: In the 2021 tax year, the taxpayer may again elect to use 2019 (note,
not 2020!) earnings instead of 2021 earnings to calculate the credit, if they
So, this is a provision that will be ongoing for at least one more tax year after
this one keep it in mind while tax planning.
Must have maintained a principal place of abode in the U.S. for more
than one half of the tax year.
A member of the U.S. Armed Forces stationed outside the U.S. while
serving is treated as having a principal place of abode in the U.S.
Applies to Taxpayers who are Puerto Rico bona fide residents.
Special rules apply to “Mirror Code” territories (Guam, the
Commonwealth of the Northern Mariana Islands, and the U.S. Virgin