Nearly half a million Americans may still be due to a third federal stimulus check, which was allowed by the ARP in 2021 and amounts to $1,400 per qualifying taxpayer. As per a new study from the Federal Treasury Department’s Inspector General for Tax Administration, some 645,000 potentially eligible persons had not received a 3rd stimulus check around mid-Sept 2021. Some of those people received checks after September, but the report doesn’t say how many have received payouts since then.
The total amount of outstanding stimulus payments is estimated to be $1.6B, according to the Treasury Department. The IRS has sent checks to more than 175 million taxpayers as part of the third wave of stimulus payments.
IRS Is Not Issuing New Stimulus Checks
However, some people may have slipped through the gaps, and the current tax season may present them with an opportunity to collect the unpaid bill.
Some families that had a new kid in 2021, for example, may not have gotten the third stimulus payment. The IRS would not have known about children born or adopted in 2021 if it had relied on the preceding year’s tax return to determine eligibility.
Additionally, certain persons whose earnings fell in 2021 may be eligible for additional stimulus funds. Because the payments were phased out at specified income levels — such as $160,000 for married couples — persons whose wages fell below that level in 2021 may be eligible for extra money. Americans with an ITIN — Individual Taxpayer ID Number — who did not get a payment for a qualifying dependent make up the majority of those who did not receive the $1,400 check they were due, according to the Treasury. According to the research, almost 420,000 people in this category had not received their paychecks since October.