Did You Receive All of Your Stimulus Payments?

The federal government authorized three rounds of stimulus payments. Americans needed to meet certain conditions to receive each of the disbursements. Although Congress has not sanctioned more payments, tax filers can still claim their stimulus money if they did not get the full amount.

Individuals may have missed a payment or receive less than owed for several reasons. The Internal Revenue Service (IRS) sent out notices after each payment that informed taxpayers of how much they received, the method of issuance, and how to report missing payments. Find out more about how much households should get and how to claim stimulus payments.

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Adults who did not get their first, second, or third Economic Impact Payment or received less than the full amount may claim the owed money. Qualified individuals will need to file their taxes to claim the Recovery Rebate Credit. Even if they normally do not need to file, they will need to file a 2020 tax return. 

However, the IRS does not calculate the third payment as part of the 2020 Recovery Rebate Credit. Americans will need to wait to file their 2021 tax refund to claim the last stimulus package. 

The IRS made it easy to request missing Economic Impact Payments through its website, but the “Get My Payment” feature is no longer available for the first and second stimulus payments. 

Taxpayers can create and view an online account to verify payment amounts. The IRS website allows individuals to access their records, manage communication preferences, and view payments. 

Plus-up payments are additional funds for people who qualify for a larger amount based on their 2020 tax returns. The stimulus payments amounts and dates  

Americans who filed their 2018 and 2019 tax returns and earned less than the maximum income limit received checks or electronic payments. The following were the maximum amounts:

  • First stimulus – $1,200 for single filers or $2,400 for joint returns
  • Second stimulus – $600 for single filers
  • Third stimulus – $1,400 for single filers

Parents of children younger than 17 years of age could also qualify for an Advanced Child Tax Credit. Parents could receive up to $3,000 per child between 6 and 17 years of age or $3,600 per child younger than 6 years of age.

Parents who did not file taxes or had a new child in 2020 may not have received their full stimulus payment. Non-filers can use the IRS’ sign-up tool to claim the child credit. Next, find out more about stimulus amounts and the qualifications for receiving stimulus payments.

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By Admin