The 2021 American Rescue Plan provided an option for those who did not receive the $1,400 from the third stimulus check plan. Good news: The IRS is still accepting claims until April 15, 2025. This applies even if you did not file taxes that year or received income from benefits such as Social Security.
The Recovery Rebate Credit applies to both you and your dependents, including university students or grandparents living with you. Many people are unaware that these groups now qualify, which could result in hundreds or thousands of dollars in additional benefits. However, time is running out, and taxpayers must act quickly.
Hurry up: you’ve got to claim your stimulus check ASAP
Your eligibility is based on your 2021 adjusted gross income (AGI). The limit for singles is $75,000, and for couples it’s $150,000. If you exceed these limits, the credit will be gradually reduced until it disappears. For instance, if you earned $78,000 as a single, you will only receive a portion of the total. If you reach $80,000, there will be nothing.
Did not file taxes in 2021?Not a problem. Use IRS Free File to submit your tax return for free, regardless of income. Choose direct deposit to expedite the process. Since December, the IRS has sent automatic payments to 1 million people. However, if you are not on the list, you must claim.
Errors that could cost you the tax refund
Many people believe that benefits like SSI or SNAP do not apply to them. False: These payments will not affect your eligibility. Another myth is that adult dependents do not count. If a university student or disabled person is in charge, add $1,400 for each. Check IRS Letter 6475 or your online account to confirm your payment amount.
There is also confusion about deadlines. Some argue that by not working in 2021, they should not declare. Without that statement, the IRS cannot process your credit. Also, be cautious: if they contact you via message and offer payment, it is most likely a scam. The agency never initiates communication through text.
Case studies: how much could you receive?
A couple with two children may have an AGI of $145,000 in 2021. When filing, they could claim $5,600 (1,400 for each adult and dependent). If your AGI was $160,000, the credit will be removed. To access the full amount, a retiree with non-taxable income should simply submit the return along with their benefit information.
If you have already filed your 2021 return but forgot to include the credit, you can still correct it using Form 1040-X. Of course, this is a slower process, so complete it as soon as possible. If you have any questions, a tax professional can assist you, particularly if your case involves non-traditional dependents.
Key tools to avoid getting left behind
The IRS website provides credit calculators and step-by-step guides. The IRS Free File system provides automated guidance. Would you prefer in-person assistance? Some community centers provide free assistance. Please ensure you have your 2021 documents, such as W-2, 1099, or proof of social benefits.
One important detail: while the IRS has begun sending automatic payments, this only applies to those who have already filed their 2021 return but did not include the credit. If you never sent it, the money will not arrive on its own. You must take the initiative before the deadline in April 2025.
Don’t wait any longer: Claim your stimulus check NOW
There are less than two weeks until April 15. The IRS estimates $2.4 billion in unclaimed funds, which will be lost after the deadline. This money could help many families pay off debts, cover medical expenses, or deal with emergencies. Even if you believe your contribution is small, every dollar counts.
Do not wait until the last day. Online systems may become overloaded, and a technical error could jeopardize your chances. If you send your return via mail, use certified service to obtain proof of delivery. Remember that after 2025, there will be no more extensions or exceptions.
