Are You Still Missing Your First Stimulus Check? – Forbes
COVID-19 economic Stimulus check in female hand on blurred USA flag background. Relief program … [+]
When the Cares Act created the first stimulus check, it relied on your 2018 or 2019 tax return to determine your eligibility. Many Americans are not required to file a tax return but they did qualify for a stimulus check – so the IRS created the Non-Filers tool so those Americans can tell the IRS where to send their checks.
As a refresher, the Cares Act created a $1,200 check for single filers who earned less than $75,000. Joint filers who earned less than $150,000 received $2,400. Those with dependents, ages 16 and younger, received an additional $500 for each dependent.
As it turns out, as is the case with any quick release of software, the tool had some problems. Just last week, the IRS issued catch-up checks to Americans with dependents who used the IRS Non-Filers: Enter Payment Info Here Tool to enter your information before May 17th. The tool, for entries before May 17th, failed to add in the $500 per dependent on those checks.
The IRS has identified another group that may be missing checks.
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Federal Benefit Recipients with Qualifying Children
- Are a federal benefit recipient (Social Security retirement, survivor or disability benefits, Supplemental Security Income, Railroad Retirement benefits, and Veterans Affairs Compensation and Pension benefits),
- Have qualifying children,
- Did not file a tax return for 2018 or 2019, and
- Do not plan on filing a tax return for 2018 or 2019
If you already used the tool after May 5th, they already have your information and you do not need to enter it again. The IRS will make the payment automatically.
If you haven’t yet, tomorrow is your chance to do so.
Starting August 15th, the IRS is asking that you use the IRS Non-Filers tool to enter your information so you can receive the correct amount for your economic impact payment. You have until September 30th to enter this information.
They anticipate the checks will be issued in the middle of October.
If You Didn’t File a Tax Return
The IRS reiterated that if you didn’t file a tax return and never used the tool to tell the IRS where to send the check, you have until October 15th to enter your information.
If you don’t, you will have to get your check next year when you file your taxes and claim the refundable tax credit.
If You Still Haven’t Received Your Check
The IRS reiterated that they are continuing to work towards getting the correct amounts to all qualifying Americans.