According to the Internal Revenue Service (IRS), over a million Americans haven’t claimed a stimulus check worth up to $1,400, but it’s not too late.
Your window to pick up your $1,400 stimulus check is closing. To guarantee your payment and any further applicable credits, file your 2021 tax return by April 15, 2025. Take action now!
Who is eligible for a stimulus check
The IRS states that those who did not received a rebate for their 2021 tax claims may still be eligible. The IRS has granted taxpayers the opportunity to collect any outstanding monies from the third batch of Economic Impact Payments, sometimes known as stimulus checks, by filing a 2021 tax return by April 15, 2025. Any money that remains unclaimed will then be transferred to the U.S. Treasury and lost forever. Taxpayers having an Adjusted Gross Income (AGI) of $150,000 or less for married couples filing jointly, or $75,000 or less for single filers, are also eligible.
What happens if you somehow miss the deadline?
Missing the deadline has serious repercussions. You will not be eligible to get the $1,400 stimulus or any refund that you may have been entitled in 2021 if you do not file your tax return by April 15. Failure to meet the deadline will also result in a loss of any other refundable credits or tax refunds from 2021. According to the IRS, unclaimed refunds, including stimulus payments made under the Recovery Rebate Credit, belong to the U.S. Treasury once the statutory period has passed.
What can you do before the deadline?
If you are not sure whether you have received your full stimulus check or if you did not file 2021 taxes, you may follow these steps to find out:
- Ensure that your file your 2021 tax return, you can do this by using the IRS Free File Program or submitting a paper return by mail.
- You may check your payment status by logging onto your IRS Online Account to verify the amounts that you have received
- Ensure that you claim refundable credits, including the Recovery Rebate Credit
Exceptions and Extensions
Even though the deadline for 15th April is a strongly made decision, there are a few exceptions:
- Military staff serving in various combat zones may receive extra time
- Individuals who are experience IRS processing problems or disputes, may have an extension
- Rare legislative changes could also extend the window
Prevent missing future deadlines
In order to avoid missing tax deadlines:
- Set an annual tax reminder well before 15 April
- Use IRS Free File Tools or consult a tax practitioner
- Check your eligibility for yearly credits
- Keep records of all IRS communication and payments
The future ahead
It is important to ensure that you stay up to date with the changes so that you are receive your money before it the deadline. As an individual, you may protect your eligibility and gain access to the additional benefits such as Child Tax Credit (CTC), Earned Income Tax Credit (EITC), or Recovery Rebate Credit by submitting your 2021 tax return before April 15, 2025.
By missing the deadline, you could risk losing money that you are entitled, and once the timeline ends, there a minimal option to recover it. Ensure that you make use of IRS resources Free File program or seek assistance from a tax practitioner to ensure you meet the deadline.
You may receive the money for your family and yourself by making filing your taxes a top priority and doing the required actions. The deadline for claiming what is due to you is April 15; don’t let this opportunity pass you by. To avoid regret later, take action today!