With the IRS in the process of issuing a third round of checks to many taxpayers, we thought it might be helpful to summarize each of the stimulus payments in one place. The three different checks each had their own rules surrounding phaseouts and and who qualifies. If you did not qualify for the first two payments based on your tax return on file at the time, you might be eligible for a credit with your 2020 return. The third payments going out now will also be based on your most recently filed tax return. If your 2020 tax return shows lower income than 2019 but is filed after the initial checks are issues, the IRS will re-evaluate your eligibility prior to September 1, 2021. As with the first two checks, if you still don't receive anything, you will have the option to claim a credit on your 2021 tax return, if your 2021 income puts you below the phaseout thresholds.