The federal government issued three stimulus checks following the effects of the pandemic which led to unemployment and poverty. These payments were used to cover everything from rent cover to other things. Those Americans who did not get a check or the amount received was not what they were supposed to get might still request a third 1400 dollars economic stimulus check because they might still be eligible for the stimulus. You can find out how to know if you are eligible to get the check and how to apply for it in this article.let us know more about that the How To Claim On Taxes?-Know More.
The IRS on 30th March confirmed that it was no longer giving out first, second or third rounds of stimulus checks. Some valid taxpayers who had missed a check or got less than the amounts have the chance to claim payment as a Recovery Rebate Credit on their 2020/2021 federal tax returns. A total of 644,705 potentially eligible people had not received their payments, this is because of different reasons which are explained in this article. If you had not received your third stimulus read through this article to know if you are eligible to get the third stimulus and how to claim it.
Reasons that could have led to missing the third stimulus check payment
Some of the reasons that could have led to some eligible people missing the third stimulus check include the following
- Children who were not on the record of the 2020 tax returns might mean a family missed the stimulus check for the child and that the family can request a third stimulus check for the child, this is because the child is on record and the IRS can determine their record.
- If you check and find that your cut-offs have been confirmed to be irrelevant you can request a third stimulus check, this is only eligible when you had a decrease in your monthly income in the previous year.
- More than 130000 individuals did not get a third stimulus check because the IRS recorded an error that was connected to payments of unemployed people.
- Individuals who did not have a Social Security Number but used an Individual Taxpayer Identification Number (ITIN) also did not receive the third stimulus check.
Eligibility for the 1400 dollars stimulus check and more money
The following families are eligible to get the third stimulus check
- Parents who added a child to their families in the year 2021.
- Families who added a dependent to their families in 2021 are eligible to get the third stimulus check on behalf of the dependent.
- You are also eligible if your income has fallen in that your 2021 adjusted gross income is below the threshold for full payments.
- Those individuals who have not filed their returns are also eligible to get this money but they need to file returns this year for them to get any partial payments.
The process of claiming your Third 1400 dollars check
Because IRS can not automatically calculate any Recovery Rebate Credit amount that you should get when you file your returns, you must claim the 2021 Recovery Rebate Credit in your 2021 income tax returns for you to get the money.
When you file your returns electronically the tax software will help you figure out your 2021 Recovery Rebate Credit.
Individuals who have no income or up to 73000 dollars income can file their returns for free using the IRS free file program.
Remember if you missed the first and second stimulus checks sent by the federal government in 2020 you have to file a 2020 tax return and not claim the money on the 2021 tax return.
If you have already received the third stimulus check do not include this information in your 2021 returns.
When you sign in to your IRS account, you can check for the amount you received or the amount that is yet to be received and also the bank statements. You can also track your payments here. If your money is lost between your account and the bank you should contact IRS to start a payment trace immediately.
Conclusion
There are thousands of Americans who have not received their Third Stimulus Checks for different reasons even if they are eligible to get the payments. The addition of a new child or dependent to the family and pay cuts in the prior year are some of the reasons that make some eligible taxpayers miss on these stimulus checks. If eligible an individual can include this information on his 2021 tax returns to claim for their third stimulus Check. This money can be used to repay the tax that you owe or can be deposited directly into your account if you do not owe any taxes.
Frequently Asked Questions
- Should I include the Third stimulus check information in my 2021 tax returns even if I got the stimulus check?
If you have already received the third stimulus check do not include this information in your 2021 returns.
- When should an individual use ITINs?
Workers who do not have a social security number can use ITINs when filing their taxes. ITINs stands for Individual Taxpayer Identification Numbers.
- Who is still eligible for the 1400 dollars stimulus checks?
Parents who have added a child or a dependent to their families in 2021 and individuals who have their income reduced in the previous year.
