Act Now: Don’t Miss Out on Your Recovery Rebate Credit – IRS Urges Eligible Individuals to Claim Stimulus Payment before Deadline
Don’t Miss Out: Deadline Approaching for Recovery Rebate Credit Claim
According to IRS – In a final reminder, the IRS is urging eligible individuals to claim a stimulus payment credit before the deadline. This credit known as the Recovery Rebate Credit, is for those who didn’t receive their full stimulus payments during the COVID-19 pandemic. It’s essential to file a tax return to claim this credit even for those with minimal or no income.
Many people have already claimed this credit but those who were U.S. citizens or resident aliens in 2020 and 2021 and did not receive one or more Economic Impact Payments are eligible. Filing for this credit is crucial as it ensures eligible taxpayers receive what they are owed and prevents potential refunds from disappearing when the deadline passes. This reminder comes as part of the IRS’s efforts to address pandemic related issues.
Stimulus Payment – Last Chance to Claim: IRS Final Reminder for Eligible Individuals! (PHOTO: Forbes)
IRS Announces $1 Billion Relief Package for Taxpayers Affected by Pandemic Shutdowns
Additionally, the IRS announced $1 billion in relief for over 4.7 million taxpayers facing back taxes due to pandemic-related shutdowns. This relief aims to help those who may have missed automatic reminders from the IRS due to the pandemic. Commissioner Danny Werfel emphasized the IRS’s commitment to assisting taxpayers and ensuring fairness, particularly for those struggling to pay their bills.
