The 2021 American Rescue Plan left the door open for people who did not receive the $1,400 from the third stimulus check plan. The good news: the IRS will continue to accept claims until April 15, 2025. This applies even if you did not file taxes that year or received income from benefits such as Social Security.
The key is the Recovery Rebate Credit, which applies to not just you but also dependents such as university students or grandparents who reside with you. Many people are unaware that these groups now qualify, which could result in hundreds or thousands of dollars in additional benefits. However, time is running out, and taxpayers must act quickly.
Hurry up: you’ve got to claim your stimulus check ASAP
Your eligibility is based on your 2021 adjusted gross income (AGI). The limit for singles is $75,000, while for couples it is $150,000. If you surpass these limits, the credit will be steadily diminished until it disappears. For example, if you earned $78,000 as a single, you will receive a portion of that amount. If you hit $80,000, nothing remains.
Did not file taxes in 2021? Not an issue. Use IRS Free File to file your return for free, even if you have no income. Choose direct deposit to expedite the procedure. Since last December, the IRS has distributed automated payouts to 1 million people; however, if you are not on that list, you must claim.
Errors that could cost you the tax refund
Many people believe that benefits like SSI or SNAP do not apply to them. False: These payments will not affect your eligibility. Another fallacy is that adult dependents do not count. If a university student or disabled person is in charge, add $1,400 for each. Check IRS Letter 6475 or your online account to validate your payment amount.
There is also misunderstanding about deadlines. Some argue that by not working in 2021, they should not declare. Without that statement, the IRS cannot process your credit. Also, be cautious: if they approach you via message and request payment, it is most likely a scam. The agency never initiates conversation through text.
Case studies: how much could you receive?
Assume a couple with two children has an AGI of $145,000 in 2021. When filing, they might claim $5,600 (1,400 for each adult and dependent). If your AGI was $160,000, the credit is deducted. To get the full amount, a retiree with non-taxable income should simply file the return along with their benefit information.
If you have already filed your 2021 return but missed to include the credit, you can still fix it using Form 1040-X. Of course, this is a slower process, so complete it as soon as possible. If you have any questions, a tax professional can assist you, particularly if your situation involves non-traditional dependents.
Key tools to avoid getting left behind
The IRS website provides credit calculators and step-by-step tutorials. If you use IRS Free File, the system will direct you immediately. Would you prefer in-person assistance? Some community centers provide free support. Just make sure you have your 2021 paperwork on hand, such as a W-2, 1099, or proof of social benefits.
One important detail: while the IRS has begun making automatic payouts, this only applies to people who have already filed their 2021 return but did not include the credit. If you never sent it, the money will not arrive on its own. You must take the initiative before the deadline in April 2025.
Don’t wait any longer: Claim your stimulus check NOW
There are less than two weeks till April 15. The IRS estimates that there is $2.4 billion unclaimed, and after the deadline passes, those funds would be lost. This money might help many families pay off debts, cover medical expenditures, or deal with emergencies. Even if you believe your contribution is little, every dollar matters.
Do not wait till the last day. Online systems may get overloaded, and a technological malfunction could jeopardize your chances. If you submit your return via mail, use certified service to obtain proof of delivery. Remember that after 2025, there will be no further extensions or exclusions.
