Act Now: Deadline Approaching for Unclaimed Pandemic Relief Payments
IRS Issues Warning: Deadline Looms for Pandemic Relief Payments
The US Sun – Time is ticking for eligible Americans who missed out on previous pandemic relief payments, as the IRS issues a warning with a looming deadline. The direct payments aimed at aiding residents during the height of the Coronavirus outbreak have a final call for those who qualify. While many who filed their 2020 tax returns have likely received their Economic Impact Payments eligible non-filers still have a chance to claim theirs by filing before May 17, 2024.
The Recovery Rebate Credit is specifically tailored for individuals who did not receive stimulus checks in 2020 or 2021. This credit targets Americans with little to no income from various sources. Urging those who haven’t filed taxes for 2020 to act swiftly the IRS emphasized the importance of checking records to ensure no potential refund is missed, as the May 17 deadline approaches for the 2020 rebate credit.
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Recovery Rebates: IRS Urges Taxpayers to Claim $1,400 Before Deadline Approaches – Final Reminder! (PHOTO: Marca.com)
IRS Promises State-by-State Guidance for Overlooked 2020 Tax Refunds
With the original tax deadline for 2020 falling on May 17, 2021, taxpayers are reminded of their three year window to claim refunds owed to them. To facilitate the process, the IRS pledges to provide detailed state-by-state information later this month for those who may have overlooked filing and are entitled to a refund for 2020. It’s a race against time for eligible individuals to seize the opportunity and secure the financial assistance they are rightfully entitled to.
Eligibility
The IRS has clarified that to qualify for the Recovery Rebate Credit after filing 2020 taxes, recipients must have been U.S. citizens or resident aliens during that tax year and not listed as dependents on another taxpayer’s filing. Additionally, they must possess a valid Social Security number before the May 17, 2024, deadline. Filers can also claim the credit on behalf of individuals who passed away in 2020 or later years. This announcement aims to ensure that eligible individuals understand the criteria necessary to claim their rightful pandemic relief payments.
