What older adults need to know about their third stimulus check

The IRS is now sending out the third stimulus check for up to $1,400 per person to qualified individuals and families. (Here's how to track your payment).

If you're age 65 or older, receive Social Security benefits or are a veteran, there's a high chance you could receive a check, though that may not be the case for individuals with "high" income levels from investments or other sources. 

Your total check amount also varies based on how many dependents you're claiming this year, if any, or if you're claimed as a dependent. Tax season may also be a factor this time, if you filed a tax return in early 2020 that's already been processed by the IRS.

We'll help you determine what factors could affect your third stimulus payment -- from filing your federal taxes this year, to your adjusted gross income, pension and Social Security benefits, as well as if someone counts you as an adult dependent on their taxes. Also, if you're still missing money from the first or second checks, you'll need to claim it as a Recovery Rebate Credit on your 2020 taxes, even if you don't usually file them. This story has been updated.

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