* This website participates in the Amazon Affiliate Program and earns from qualifying purchases.
Are you one of the millions of Americans who might be missing out on a $1,400 stimulus check? You could be eligible for this financial boost from the IRS. With deadlines looming, it's essential to take action now to ensure you receive any money owed to you.
The IRS is sending out stimulus checks to taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax return. If you haven’t filed your taxes yet for that year, you’re not out of luck! You have until April 15, 2025, to file your 2021 taxes and still be eligible for this stimulus payment. With the IRS estimating that around 1.1 million Americans have missed out on their 2021 tax refunds due to not filing, there’s a significant amount of unclaimed money on the table.
These checks are up to $1,400 and will be sent automatically via paper check or direct deposit into the bank account you provided with your 2023 tax return. Yes, you read that right—no additional effort is required on your part to claim this money! If you're eligible, you'll receive a separate letter notifying you of the payment.
So, who exactly can get this stimulus check? According to the IRS, the Recovery Rebate Credit was designed for individuals who didn’t receive one or more Economic Impact Payments during the COVID-19 pandemic. If you didn’t file your 2021 taxes, you need to do so to qualify for the check, and it’s crucial to file any back-year returns you might have.
In addition, as of March 28, the IRS has processed over 88 million returns with an average refund of $3,170. That's a 3.9% increase from the same time last year! This highlights the importance of filing your tax return not just to claim the stimulus check but also to potentially receive some of these substantial refunds, which includes various tax benefits expanded in 2021 due to the American Rescue Plan.
Here’s a quick breakdown of what you need to know:
| Information | Details |
|---|---|
| Eligibility | Taxpayers who did not claim Recovery Rebate Credit in 2021. |
| Deadline to File | April 15, 2025 |
| Maximum Check Amount | $1,400 |
| Refund Amount | Median refund around $781 |
| IRS Refunds Unclaimed | Over $1 billion nationwide |
It’s essential to act sooner rather than later. If you’re someone who has added a dependent to your 2021 return, you might also qualify for additional payments. For instance, parents of children born in 2021 could be due similar payments worth $1,400. It's worth your time to check on any potential credits and ensure you reap the benefits of what’s owed to you.
Many people may not realize they are eligible for the Earned Income Tax Credit (EITC), which for 2021 was worth up to $6,728 for qualifying taxpayers with children. This credit is designed to assist families and individuals earning lower incomes. If you have not filed and suspect you may qualify for these credits, now is the time to take action.
In summary, if you’ve missed filing your 2021 tax return, you still have time to claim that $1,400 stimulus check and possibly other refunds. Don’t let your hard-earned money become property of the U.S. Treasury because you missed a deadline!
To complete your back-year return, you can access current and prior-year tax forms online. It’s beneficial to consult with a tax professional if you need help navigating the process. Remember, every penny counts, and you deserve to claim what is rightfully yours.
Act now, and ensure you aren’t leaving free money on the table. You might be surprised at how much you’re owed!
* This website participates in the Amazon Affiliate Program and earns from qualifying purchases.