IRS Statistics of Income, Table 1: Third Round Economic Impact Payments, by Size of Adjusted Gross Income, through December 31, 2021

Summary

This IRS Statistics of Income table reports Third Round Economic Impact Payments by size of adjusted gross income, cumulative through December 31, 2021, with money amounts in thousands of dollars. For all returns, it lists 167643546 payments totaling 401511522, split into payments made electronically, by paper check and by debit card. Footnotes explain that section 6428B, added by the American Rescue Plan Act of 2021, provides a refundable credit of up to $1,400 ($2,800 for a joint return) plus $1,400 per qualifying dependent, and that amounts include initial and plus-up payments. The footnotes also describe the Non-filer Sign-up Tool released on June 14, 2021. The source line reads IRS, RAAS, March 2022.

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Sheet: TBL14
Table 1.  Third Round Economic Impact Payments [1], by Size of Adjusted  Gross Income, Cumulative through December 31, 2021
(Money amounts are in thousands of dollars)
Size of adjusted gross income [2]	Total
	Total economic impact payments [3]		Economic impact payments paid electronically		Economic impact payments paid by paper check		Economic impact payments paid by debit card
	Number of payments	Amount	Number of payments	Amount	Number of payments	Amount	Number of payments	Amount
	1	2	3	4	5	6	7	8
All returns, total	167643546	401511522	140405772	340927064	22753440	50388998	4484334	10195459
No adjusted gross income [4]	1693840	3797777	1092720	2443034	499708	1131457	101412	223287
$1 under $10,000	24582826	43785971	17571873	32137003	5884915	9776567	1126038	1872401
$10,000 under $20,000	19899244	45073043	16197882	37178129	3114400	6667734	586962	1227180
$20,000 under $30,000	19136234	45027519	16056980	38487807	2518556	5374674	560698	1165038
$30,000 under $40,000	16668456	40593199	14123677	35155860	2055125	4407245	489654	1030093
$40,000 under $50,000	13034925	32521547	11065570	28131469	1596042	3555675	373313	834403
$50,000 under $60,000	10494596	27049067	8919889	23356741	1286411	2999741	288296	692584
$60,000 under $75,000	12427979	34277530	10495705	29528958	1601018	3895281	331256	853291
$75,000 under $100,000	11031164	39126099	9484357	34198313	1290387	4043776	256420	884010
$100,000 under $200,000	14227996	55146861	11848014	46513022	2029815	7260458	350167	1373382
$200,000 or more	999	3160	564	1637	363	1308	72	215
AGI not available [5]	24445287	35109749	23548541	33795093	876700	1275083	20046	39574
[1] Section 9601(a) of the American Rescue Plan Act of 2021, Public Law 117-2, 135 Stat. 4 (March 11, 2021), added section 6428B to  the Internal Revenue Code (Code).  Section 6428B provides an eligible individual for their first taxable year beginning in 2021 a  refundable tax credit of up to $1,400 ($2,800 for eligible individuals filing a joint tax return), plus $1,400 per qualifying dependent  of the eligible individual(s). This tax credit is referred to in section 6428B as a “2021 recovery rebate to individuals.”  Section 6428B(g)(3) instructs the Secretary of the Treasury to make advance refunds of this credit “as rapidly as possible” and by  December 31, 2021. (In other words, no advance refund may be disbursed after that date.) The IRS refers to the advance refund of this  credit as a “Third Round EIP.”  The 2021 credit is reduced proportionally as a taxpayer’s adjusted gross income (AGI) exceeds a threshold and rises to a full phase-out  amount. The threshold and full phase-out amounts are $150,000 and $160,000 in the case of a joint return or qualifying widow or widower,  $112,500 and $120,000 in the case of a head of household, and $75,000 and $80,000 otherwise. Those ineligible for the credit are  (1) nonresident alien individuals, (2) individuals who can be claimed as a dependent by another taxpayer, and (3) an estate or trust.  When spouses file jointly, each spouse must have a valid social security number (SSN) to receive the individual portion of the credit for  that spouse (in other words, for the married couple to receive the full $2,800), unless either spouse is a member of the U.S. Armed Forces  at any time during the taxable year. In that case, only one spouse needs to have a valid SSN. An individual without a valid SSN can still  receive up to $1,400 for a qualified dependent claimed on the individual’s return if the individual meets all other eligibility and income  requirements.  An individual’s eligibility for and amount of the Third Round EIP was based on the individual’s Tax Year 2020 return. If that return was not  filed as of the initial determination date for the individual’s Third Round EIP, the IRS used the individual’s Tax Year 2019 return to make an  “initial” Third Round EIP. If an individual filed a Tax Year 2020 return after the initial determination date for the individual’s Third Round  EIP and before the additional determination date, and that Tax Year 2020 return indicated that the individual was eligible for a larger  credit amount, the IRS disbursed a “plus-up” payment to the individual. This additional amount was equal to the total amount of Third  Round EIP to which the individual was entitled, minus the initial amount that the IRS disbursed to that individual. The amounts shown in  the table include both initial and plus-up payments issued by the time the data were tabulated.    Eligible individuals who did not file a Tax Year 2019 or 2020 return but received Social Security retirement, survivor or disability  benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI), or Veterans Affairs benefits automatically received a  Third Round EIP. The IRS also used information provided by individuals who filed in 2020 a Tax Year 2019 return through the  “Non-filers: Enter Your Information Here” online portal, or through other special or simplified filing procedures published by the Treasury  Department and the IRS in 2020. The Treasury Department and the IRS provided these 2020 filing options to help eligible individuals  who did not have a tax filing obligation to receive a First Round EIP provided under section 6428 of the Code, as added by  section 2201(a) of the CARES Act, Public Law 116-136, 134 Stat. 281 (March 27, 2020).  On June 14, 2021, the Treasury Department and the IRS released a new “Non-filer Sign-up Tool” on IRS.gov to help eligible individuals  who had not filed a Tax Year 2020 or 2019 return to file a Tax Year 2020 return and receive, among other tax benefits, Third Round EIPs.  This tool is an update of last year's IRS Non-filers tool. Similarly, the Treasury Department and the IRS published in 2021 for individuals  who do not have a tax filing obligation simplified filing procedures that were based on the simplified filing procedures published in 2020  for the First Round EIP.
[2] AGI comes from the Tax Year 2019 or 2020 return used to determine an individual’s eligibility for and amount of the Third Round EIP.  For individuals disbursed a plus-up payment, the total of the initial and plus-up payments and the individual's AGI are associated with the AGI from the  Tax Year 2020 return used to determine the plus-up payment. The payment method for such individuals is the payment method used for the plus-up payment.
[3] Payments are reported at the tax unit level.  For tax units disbursed a plus-up payment, the initial payment and plus-up payment are reported as a single  payment, and the payment amount reported is the sum of the initial payment and the plus-up payment.  For example, if a tax unit received an initial payment of  $2,800 and a plus-up payment of $1,400, then the tax unit would be listed as receiving 1 payment of $4,200.
[4] Includes returns with negative or zero AGI.
[5] Represents individuals who received a Third Round EIP and did not file a tax return for Tax Year 2019 or 2020. For these individuals, eligibility  for and the amount of the Third Round EIP was determined on the basis of information provided by the Social Security Administration, Railroad  Retirement Board, or Department of Veterans Affairs indicating receipt of the benefits described in Footnote 1. Alternatively, eligibility  for and amount of the Third Round EIP was determined on the basis of information submitted by the individual to the IRS by filing a Tax  Year 2019 or 2020 return through (1) the 2020 “Non-filers: Enter Your Information Here” online portal, (2) the 2021  “Non-filer Sign-up Tool” online portal, or (3) special or simplified filing procedures published by the Treasury Department and the  IRS in 2020 and 2021, respectively.
NOTES:  Detail may not add to totals because of rounding.                  Table does not double-count payments that were issued, reversed, and reissued. (A reissuance could occur, for example,                   if a bank account that was targeted for an electronic funds transfer was closed at the time the Third Round EIP was issued.)                  Table does not count reversed payments.  (A reversal could occur, for example, if a paper check was returned to the IRS                  as undeliverable mail.)                  Data are through 2021 Cycle 52 (December 31, 2021).
SOURCE: IRS, RAAS, March 2022

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