Although it has been several years since the last round of stimulus checks in the United States, some taxpayers can still get a payment of up to $1,400. This is possible thanks to an internal review by the Internal Revenue Service (IRS), which found that many eligible people did not claim the Recovery Rebate Credit on their 2021 tax return. As a result, the distribution of $2.4 billion in checks was announced in December for those who did not take advantage of this benefit at the time.
To access this payment, certain requirements must be met. Those who filed their tax return in 2021 but did not claim the credit will get the money automatically. However, those who did not file their return in that year have until April 15, 2025 to do so and claim the amount they are entitled to. Since this financial stimulus can be of great help in difficult economic times, it is essential to check whether you meet the requirements.
Who can get the IRS stimulus check?
This payment is intended for taxpayers who, for whatever reason, did not claim the Recovery Rebate Credit on their 2021 return. Although a large number of Americans have already received this money, the IRS identified many people who did not apply for it and who can still get up to $1,400.
In addition, those who did not file their tax return in 2021 could be eligible if they file by April 15, 2025. Doing so will not only allow them to receive this check, but also other possible refunds to which they are entitled. It is crucial that taxpayers review their tax situation and act as soon as possible so as not to miss this financial opportunity.
How can I claim this stimulus check?
People who have already filed their 2021 tax return but have not claimed the Recovery Rebate Credit do not need to do anything, as the IRS began sending payments automatically in December. A communication regarding the issued cheque or deposit will be sent to these taxpayers.
However, individuals who failed to file their return in 2021 are required to do so by April 15, 2025, and include the relevant credit. This can be accomplished with the IRS’s free filing tools or with the assistance of a tax expert. Depending on the information on file with the IRS, the taxpayer will receive payment via paper check or direct deposit after the return is filed if they meet the requirements.
With this stimulus check still available, it’s important for taxpayers to review their tax situation and make sure they claim it if they qualify. With a relatively simple process and ample time to file, there’s still time to take advantage of this financial opportunity.
