Deadline approaches to claim $1,400 IRS stimulus check – are you eligible?
The deadline for some American taxpayers to claim up to $1,400 in stimulus payments from pandemic-era relief is drawing near.
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Residents of New York might still qualify for a stimulus check of up to $1,400 from the IRS.
In December, the IRS informed the public that automatic payments would be sent to eligible individuals who failed to claim the Recovery Rebate Credit on their 2021 tax returns.
Here’s what you need to know about these stimulus payments.
What is the Recovery Rebate Credit and who qualifies for it?
The Recovery Rebate Credit is a refundable credit intended for those who did not receive one or more Economic Impact Payments or stimulus payments, as stated by the IRS. If you filed your 2021 tax return but neglected to fill out the Recovery Rebate Credit section or listed it as $0 while being eligible, you may soon receive a stimulus check.
What if I didn’t submit my 2021 tax return?
If you file your 2021 tax return and claim the Recovery Rebate Credit by April 15, you might still be eligible for the stimulus check.
What is the potential payment amount?
The payout varies, but the maximum amount you could potentially receive is $1,400, as stated by the IRS, with a total of $2.4 billion being distributed nationwide.
How can I obtain my stimulus check?
According to the IRS, payments will be automatically sent to eligible individuals, meaning no action is required on your part. The IRS began sending out these payments automatically in December.
Eligible taxpayers will receive a notification letter regarding their payment, and the payments will either be directly deposited or issued as paper checks.
Contributing: USA TODAY
Emily Barnes covers consumer-related topics for the USA TODAY Network’s New York Connect Team, focusing on issues related to scams and recalls. Follow her on X and Instagram @byemilybarnes. Reach her at [email protected].
