It doesn’t matter that new coronavirus variants have been found and that many people across the United States are still struggling with their finances. Lawmakers in Washington, D.C., are very unlikely to approve a fourth stimulus check for people with coronavirus.
Sadly, this means that many people will not be getting another direct payment from Uncle Sam to help pay for COVID-19. Some people, on the other hand, will get a $1,400 check-in in 2022 even if Congress doesn’t do anything. These people already have this money because of the American Rescue Plan Act.
Millions could get a $1,400 payment next year, and here are some tips on how to find out if you’re one of them;
In 2022, Will You Really Get a $1,400 Check?
The American Rescue Plan Act set aside $1,400 for each adult and $1,400 for each dependent. Biden signed the Act into law at the end of March, and most people have already received all the stimulus money they were due.
It might not have been the same for people who had babies or added a new person to their family this year. The IRS used past tax returns to figure out how many dependents were eligible for the $1,400 payments. The IRS would not have known about this if you added a dependent only in 2021.
Read More: U.S Taxpayers Due for IRS Plus-up Payment. When Will You Get It?
New dependents you added in 2021 can get $1,400 each if you didn’t pay them in 2021. You can get that money back in 2022 for each one. People who have twin babies this year can get $2,800 from the government.
You’ll just have to file a tax return to get the money. There was an advance on the tax credit that was sent out. When you file your 1040 form with the IRS in 2021, you should be able to use the money that was paid out.
People who owe the IRS $1,400 will be able to get their money faster if they file their tax returns for 2021 as soon as possible. The IRS will start taking tax returns in late January 2022.
To get the American Rescue Plan Act’s “stimulus check,” though, you have to meet the law’s rules. This includes meeting income limits. Those who make less than $75,000 and married couples who make less than $150,000 can get the full payment. There are limits on how much money people can get. People who make more than $80,000 or more than $160,000 can’t get benefits.
You should get this money if you’re entitled to it, even if you don’t usually file a tax return. It can help you pay for some of the economic damage caused by COVID-19.
