There’s still over one million Americans who can claim a $1,400 stimulus check – here’s how to know if you qualify

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Multiple million People are nonetheless eligible to say a stimulus check of as much as $1,400 – however the deadline is quick approaching.

The Internal Revenue Service just lately issued a reminder for eligible people to file their 2021 tax return throughout the subsequent 4 weeks (27 days) in the event that they haven’t acquired the Recovery Rebate Credit.

The refundable credit is for individuals who missed the third and ultimate spherical of stimulus checks through the Covid-19 pandemic beneath the American Rescue Plan Act of 2021.

The company is anticipated to mechanically ship funds by way of paper examine to those that qualify utilizing banking data listed on 2023 tax returns.

Nonetheless, these eligible who fail to file their 2021 tax returns by April 15 – Tax Day 2025 – might forfeit the checks.

The precise quantity depends upon adjusted gross revenue. Single filers qualify for the complete $1,400 if AGI in 2021 was $75,000 or much less however phases out at an revenue of $80,000. The identical applies to dependents, no matter age.

About 1.1 million Americans are still eligible to claim a stimulus check, the IRS said — About 1.1 million People are nonetheless eligible to say a stimulus examine, the IRS stated (Getty Photos)

Married {couples} collectively submitting would obtain the complete $2,800 out there if their mixed revenue was not more than $150,000 – and phases out at $160,000.

Taxpayers sometimes have three years to file and declare their tax refunds, and failure to file inside that time-frame might consequence within the cash turning into the property of the U.S. Treasury.

The IRS has clarified that there can be no extensions or computerized funds for individuals who miss the April 15, 2025 deadline.

Final-minute filers could face processing delays that might impression their potential to say the stimulus examine in time, the company stated.

About $2.4 billion was paid out in January to people who didn’t declare the Restoration Rebate Credit score however had filed their 2021 tax returns, the company stated.

Roughly 1.1 million People have unclaimed refunds for tax yr 2021, amounting to over $1 billion, the IRS introduced final week. They comprise taxpayers who had not filed their Type 1040 for that yr.

In accordance with the company, the median refund quantity for non-filers from 2021 is about $781 – not together with the Restoration Rebate Credit score.

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