Source: Alex Cristi / Getty
If you never received a third stimulus check, money from the IRS (Internal Revenue Services) might be headed your way. The agency announced its plans to issue roughly $1M to eligible taxpayers who didn’t claim the Recovery Rebate Credit on their 2021 tax returns.
LIKE US ON FACEBOOK. FOLLOW US ON INSTAGRAM & TWITTER. SUBSCRIBE TO OUR YOUTUBE.
It was found that the financial relief designed to help taxpayers COVID-19 pandemic was missed by many Americans due to errors and or omissions on their 2021 tax returns.
In a Dec. 20 statement, IRS Commissioner Danny Werfel emphasized the agency’s commitment to helping taxpayers saying, “These payments are an example of our commitment to go the extra mile for taxpayers…Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible. To minimize headaches and get this money to eligible taxpayers, we’re making these payments automatic, meaning these people will not be required to go through the extensive process of filing an amended return to receive it.”
You’re generally eligible to claim the recovery rebate credit if, in 2021, you (as reported by Kiplinger.com)
- Were a U.S. citizen or U.S. resident alien;
- Can’t be claimed as a dependent on another person’s tax return; and
- Have a Social Security number (SSN) valid for employment that’s issued before the due date of your 2021 tax return (including extensions).
- For married couples filing a joint return, if only one spouse has a valid SSN, you can only claim up to $1,400 for the spouse with a valid SSN.
- If you’re claiming the extra $1,400 for a dependent, the dependent must also have a valid SSN or adoption taxpayer identification number (ATIN).
Generally, if neither you nor your spouse have a valid SSN, you can claim only up to $1,400 for each qualifying dependent claimed on your tax return.
STAY INFORMED! CLICK HERE TO SIGN UP FOR OUR NEWSLETTER!
If you believe you may be eligible, head to IRS.gov for more info and keep an eye out on your mail!
READ MORE STORIES ON BLACKAMERICAWEB.COM:
Social Security Benefits Will Increase by 2.5 Percent in 2025
IRS Whistleblowers Testify Before Congress
Beyoncé Beefs With IRS Over $2.7 Million Tax Bill, Twitter Says It Won’t Break Her Soul
HEAD TO THE BLACKAMERICAWEB.COM HOMEPAGE