Stimulus Check Update: Last Chance To Get One

Stimulus Check
Stimulus Check

If you haven’t already, you should apply for the 3rd stimulus check which is valued to be $1,400 for every person, even if the deadline for the first two EIP has passed.

According to CNBC.com, as of January 2022, the vast majority of qualified beneficiaries of the payments approved under the ARP in March have received stimulus payments in the form of direct deposits or mailed cheques.

Unfortunately, the April 18th, 2021 tax return deadline is your final opportunity to claim this money.

The final stimulus check payment was a credit called the 2021 Recovery Rebate Credit, which was distributed in accordance with your reported income and the number of dependents on your tax return from either 2020 or 2019. You may be entitled to financial support if you added qualifying family members in 2021. It’s possible you might get a tax rebate even if you haven’t filed a return before, for either 2019 or 2020.

How Can You Claim These Stimulus Checks

The Recovery Rebate Tax Credit sheet should be completed and included with your 2021 tax return if you believe you are entitled to a third government payment but did not get it. The worksheet includes detailed instructions on how to determine your eligibility for a refund.

Most families got $1,400 in their tax returns from the third stimulus payment, which was split evenly among all members of the household. Therefore, a single individual without dependents would earn $1,400, while a couple who is married with 2 kids would receive $5,600.

The Internal Revenue Service (IRS) has a service called “Get My Payment” (accessible in English and Spanish on IRS.gov) that may help you if you haven’t received your 3rd stimulus check. Each day, generally throughout the night, there is an update.

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