You'll want to read this before filing.
In March 2021, Presidentannounced the third and final round of stimulus payments for Americans by signing the American Rescue Plan Act of 2021. Qualifying recipients were eligible for a check worth up to $1,400. Many received their payments earlier in the year, but the IRS had still been sending checks throughout the last few months. Not anymore, however, the agency just released a statement on Jan.
for this third round had been sent. Through Dec. 31, more than 175 million stimulus payments were sent to individuals and families across the U.S., accounting for more than $400 billion in total funds.Goodboy Picture Company /iStock Under the American Rescue Plan of 2021, the third stimulus check had to be sent off by Dec. 31, 2021."The IRS is no longer issuing payments as required by law," the agency confirmed on Jan. 26. If you're missing your check, it could still be in the mail, according to the IRS. This is likely the case if you were issued a Plus-Up Payment.
Eligible recipients who might not have received their payment or their payment in full includes parents of a child born in 2021 or parents and guardians who added a new qualifying child to their family in 2021. The third-round of Economic Impact Payments would have been based off of their 2019 or 2020 tax return, so the IRS would not have calculated any extra dependents added in 2021 into their earnings.
And if your income changed in 2021, you might also now be eligible for a third stimulus check. This is because the third Economic Impact Payments had specific income caps, and advanced payments would have been based off a filer's 2020 return, not their actual 2021 income.
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