Stimulus checks, taxes and timing: All you need to know

[Source: Fox Business]

BIDEN SIGNS $1.9T CORONAVIRUS RELIEF BILL IN FIRST MAJOR LEGISLATIVE WIN

The measure includes $1,400 stimulus checks for many Americans, extended unemployment benefits at $300 a week through Sept. 6 and a generous one-year expansion of the child tax credit.

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But there’s a lot of fine print that could affect how much money you receive from the American Rescue Plan — or whether you’re eligible at all. FOX Business lays out exactly what consumers need to know.

Are you eligible for a check? Not everyone is

This round of stimulus is slightly different than the first two rounds of payments, including more restrictions on who qualities for a check and who doesn’t. To find out where you stand read on:

THIRD STIMULUS CHECK: WHO IS ELIGIBLE FOR THE MONEY, AND WHO ISN’T?

When may your payment arrive?

White House Press Secretary Jen Psaki, on Thursday, said some Americans could see the money in their bank accounts as early as this weekend. However, the speed of the payments depends on several factors, including the IRS. The specifics are outlined here:

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