The IRS said eligible recipients who didn’t receive the last stimulus check can claim the money on their 2021 tax return.
Si el año pasado no recibiste el último cheque de estímulo económico, tranquilos, there ‘s still chance to get it.
The Internal Revenue Service (IRS) said on Wednesday that eligible recipients who didn’t receive the last stimulus check can claim the money on their 2021 tax return by using the Recovery Rebate Credit.
“If you’re eligible, you’ll need to file a 2021 tax return, even if you don’t usually file a tax return,” the IRS said in a press release.
The third round of Economic Impact Payments was issued starting in March 2021 and continued through December 2021, as part of President Biden’s American Rescue Plan. But people who are missing stimulus payments should review IRS information to determine their eligibility and whether they need to claim a Recovery Rebate Credit for the 2020 or 2021 tax year.
To be eligible, you gross income should not exceed $75,000 or $150,000 for those married and filing jointly. If you made more than that in 2021, you would still be able to claim a portion of the money if your income was less than $80,000 or $160,000 if married and filing jointly.
If you’re eligible, your 2021 Recovery Rebate Credit will reduce any tax you owe for 2021 or be included in your tax refund.
If you claim the Recovery Rebate Credit you’ll need to indicate the stimulus money received this year, if any, and how much you should have been sent.
IRS will be sending out a notice, Letter 6475, to people who received 2021 economic impact payments to help calculate how much money they will receive using either the IRS Form 1040 Recovery Rebate Credit Worksheet, or an online tax software program.
You can find more information here.
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