IRS Plans Final Deadline for $1,400 Stimulus Check Claims April 15
IRS Plans Final Deadline for $1,400 Stimulus Check Claims April 15

IRS Plans Final Deadline for $1,400 Stimulus Check Claims April 15

News summary

As the April 15 tax filing deadline approaches, the IRS is urging an estimated one million taxpayers to file their 2021 tax returns to claim the Recovery Rebate Credit, which can provide up to $1,400 in stimulus payments for those who missed previous Economic Impact Payments. Eligible individuals must submit their returns to receive the credit, which can either reduce taxes owed or increase refunds. The IRS has indicated that automatic payments will be sent to eligible taxpayers who previously missed claiming the credit, and these payments are expected to finish distribution by the end of January 2025. However, those who have not filed their 2021 returns by the deadline will lose their chance to receive the funds. The maximum payment is contingent on income levels, with full benefits available to individuals earning $75,000 or less. Taxpayers are also encouraged to check their eligibility for other credits, such as the Earned Income Tax Credit, which may offer additional financial assistance.

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