To combat the COVID-19 epidemic, the US government authorized the mailing of three stimulus checks.
Some persons can still claim the $1,400 even after the Internal Revenue Service (IRS) stated that it had finished making the third payment, commonly known as the Economic Impact Payment (EIP). When completing their tax returns for the fiscal year 2021, taxpayers have the opportunity to claim the payout utilizing the Recovery Rebate Credit. But even though the tax filing period for this year ended on April 18 and the extension ran out on October 17, you could still be eligible to claim any money you have not yet received from the third EIP.
Stimulus Checks Can Still Be Claimed
By confirming that they received letter 6475 from the IRS the previous year, taxpayers can determine whether they are qualified for the Recovery Refund Credit. By filing your return, you would still be able to obtain the money, but since both deadlines have gone, the amount you are entitled to would be lowered by penalties, and your refunds might be smaller than you had anticipated.
On the other hand, those with lower incomes who are typically exempt from filing a tax return have until November 15 to use the GetCTC.org portal to seek the third stimulus check. You can also claim the child tax credit, which is worth up to $3,600. US citizens with low and moderate incomes are typically qualified.
According to the IRS, those who qualify for this assistance include those with adjusted gross incomes of less than $75,000, heads of families who make less than $112,500, and married couples filing jointly who make less than $150,000. Stimulus Checks are $1,400 per person and an additional $1,400 for each dependant.
We advise having your IRS 144-C notice, IRS letter 6475, or logging into your IRS account available if you will be submitting your return with the IRS.