He Internal Revenue Service (IRS) is sending a new round of stimulus checks of about US$1,400 to approximately one million American citizens who were never benefited during the COVID-19 pandemic. The IRS has been making these deposits to people who did not know they were eligible for the payments or subsequently did not file their 2021 tax return.
Although it has been several years since these payments began to be distributed, some taxpayers have still not received this vital support and this money could make a big difference in their lives. “Many people need it. I need it. Things are going up. The food, the prices, the rent. So, you know, every dollar counts”said Carlos Cruz of Springfield.
The IRS provides taxpayers with help to understand and comply with their tax responsibilities according to the tax law (Photo: EFE)
This happened because eligible taxpayers, who had completed their 2021 tax returns, did not claim a recovery rebate credit, either because they left that data field blank or filled it in as US$0which resulted in loss of payment. However, Ray Maagero of Liberty Tax in West Springfield explained that the IRS has implemented a method to rectify this problem and ensure the money reaches those who qualify.
According to Maagero, if you filed a tax return in 2021 that was incomplete or incorrect, the IRS will automatically send the payment to the address listed on your 2023 tax return. The funds will be deposited directly into the bank account listed on that return. same statement.
Many eligible taxpayers are not aware that they qualify for this payment. Maagero urged those with questions to look for answers on the IRS website or consult with a tax professional for guidance. This money could be a significant help to families struggling with rising prices.
The checks would amount to US$1,400, depending on your marital status and income level (Photo: AFP)
“Qualified taxpayers are those who filed a 2021 tax return, but where the data field for the Recovery Rebate Credit was left blank or filled in as $0 when the taxpayer was actually eligible for the credit”the IRS indicated in December.
Stimulus checks were first approved four years ago, but those still eligible for payments should receive them by the end of January 2025, according to the IRS. All qualified taxpayers who did not claim federal stimulus checks on their 2021 tax returns will receive the new payments.
You must complete your return by April 15, 2025 to claim your stimulus check. It is important to act quickly so as not to miss this opportunity. Remember, every dollar counts and this could be your opportunity to ease your financial burden and build a better future.
