April 15 is the deadline to file for the refunds that are part of $2.4 billion in stimulus payments related to 2021 Covid recovery relief payments. Over one million Americans have still not received their $1,400 stimulus checks from the government. During the pandemic, the federal government approved several rounds of stimulus payments. To get the check, one must file for 2021 taxes.
The Internal Revenue Service started sending out approximately $2.4 billion to 1 million taxpayers back in December for Recovery Rebate Credit checks that hadn't been claimed yet. However, they estimate another 1 million taxpayers are still missing out on $1 billion in stimulus as they haven't filed their 2021 income taxes.
Today marks the Tax Day for 2024 returns, though it has been extended in some states. Today also marks a three-year deadline to claim any tax refunds or the $1,400 Recovery Rebate Credit for 2021.
If an eligible taxpayer does not file within the three-year window, the money will go to the treasury.
Who is eligible for the stimulus check?
Taxpayers in the US who didn't file or claim the Recovery Rebate Credit on their 2021 tax return are qualified to apply for it. The refundable credit was for taxpayers who didn't get one or more Economic Impact Payments (or stimulus checks) during the COVID-19 pandemic.
The stimulus amount is dependent on one's adjusted gross income. In order to qualify for the full $1,400, the taxpayers' annual income must not have been more than $75,000 for single filers or $150,000 for married couples filing jointly.
How to claim? If you have filed your previous returns, then there is nothing else to do but to wait for the IRS to mail a check or directly deposit the money into the back account provided in the 2023 tax return
The Internal Revenue Service started sending out approximately $2.4 billion to 1 million taxpayers back in December for Recovery Rebate Credit checks that hadn't been claimed yet. However, they estimate another 1 million taxpayers are still missing out on $1 billion in stimulus as they haven't filed their 2021 income taxes.
Today marks the Tax Day for 2024 returns, though it has been extended in some states. Today also marks a three-year deadline to claim any tax refunds or the $1,400 Recovery Rebate Credit for 2021.
If an eligible taxpayer does not file within the three-year window, the money will go to the treasury.
Who is eligible for the stimulus check?
Taxpayers in the US who didn't file or claim the Recovery Rebate Credit on their 2021 tax return are qualified to apply for it. The refundable credit was for taxpayers who didn't get one or more Economic Impact Payments (or stimulus checks) during the COVID-19 pandemic.
The stimulus amount is dependent on one's adjusted gross income. In order to qualify for the full $1,400, the taxpayers' annual income must not have been more than $75,000 for single filers or $150,000 for married couples filing jointly.
How to claim? If you have filed your previous returns, then there is nothing else to do but to wait for the IRS to mail a check or directly deposit the money into the back account provided in the 2023 tax return
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