The Internal Revenue Service (IRS) has issued a final call to taxpayers to receive their COVID-19 stimulus check before the end of the year. The deadline for these payments is December 31st, 2023, so if you haven’t received your payments yet, you should act now.
The payments, also known as Economic Impact Payments, are part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. They are meant to provide financial support to individuals and families affected by the economic downturn due to the coronavirus pandemic.
The payments are based on your adjusted gross income (AGI) from your 2020 or 2021 tax return. Those with lower incomes are eligible to receive the full payment of $1,200 per person as a single filer and $2,400 per couple. Those with incomes between $75,000 and $99,000 (single filers) and $150,000 and $198,000 (married couples) are eligible for a reduced payment. If your income exceeds those amounts, you are not eligible for the payment.
Stimulus Check Effects On You Under CARES
In addition, the CARES Act also allows for additional stimulus check payments of $500 per dependent, regardless of age. This means that those with children, grandchildren, nieces, nephews, or other dependents can qualify for the additional payment.
If you haven’t received your payments yet, you should check the IRS website for more information on how to apply for them. You can also call the IRS hotline at 1-800-919-9835 or check your mail for a letter from the IRS.
The IRS has also set up a dedicated website where you can enter your information to see if you are eligible and how to apply. You can find it at https://www.irs.gov/coronavirus/economic-impact-payments.
It’s important to note that the deadline to receive the stimulus check is December 31st, 2023, so if you haven’t received yours yet, you should act now and contact the IRS. The_ money could be used to help with essential items, like groceries, rent and bills, or even to save and invest for the future. Don’t let this opportunity pass you by!
