Deadline approaches for claiming $1,400 stimulus check from 2021

As the deadline approaches, individuals who have not yet claimed their stimulus check from 2021 are urged to take action. The Internal Revenue Service (IRS) has set a final deadline for eligible Americans to submit their claims for the $1,400 payments that were part of the American Rescue Plan. This financial assistance aimed to help those impacted by the economic repercussions of the COVID-19 pandemic.

Eligibility for the stimulus payment extends to individuals earning up to $75,000 annually, and couples earning up to $150,000 can receive the full amount. Additionally, parents or guardians with dependent children are entitled to receive an additional $1,400 for each child claimed. However, those who missed the opportunity to claim their payment during the previous tax season can still submit a claim for the Economic Impact Payment (EIP) through their 2021 tax return.

The IRS has emphasized the importance of filing a tax return, particularly for those who typically do not file, as it is the primary method to claim the funds. The deadline for tax returns is October 16, 2023, and individuals are encouraged to file as soon as possible to ensure they receive their payments in a timely manner. Failure to file could result in losing out on the financial support completely.

The agency has also made it clear that even if individuals are not required to file taxes or have no income, they still have the right to claim the stimulus payment. This initiative is aimed at reaching underserved populations who may not have been aware of their eligibility for the financial relief.

In addition to the $1,400 checks, the IRS has continued to remind taxpayers about other potential benefits they might be missing out on, such as the Child Tax Credit and various tax credits designed to further assist families during these challenging times.

Overall, as the deadline looms, it is crucial for eligible individuals to act quickly and ensure they do not miss out on this financial aid that could significantly aid in their recovery from the effects of the pandemic.