Before the clock strikes twelve, the Internal Revenue Service offers eligible taxpayers another chance to obtain a stimulus payment of up to $1,400.
The United States Sun reported that these payouts result from the American Rescue Act, which was signed into law by President Joe Biden in March of this year. On the other hand, these payouts are subject to several conditions.
By their 2019 tax returns or Social Security Administration information, those who got a stimulus check in the previous year will get plus-up payments in 2019.
IRS.gov, on the other hand, indicates that you made less in 2020 than you did in 2019. Aside from that, the IRS has stated that those who have previously taken advantage of the non-filers tool will be required to file a 2020 tax return and claim all of their qualified dependents.
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Individuals with a yearly income of $72,000 or less are eligible to file through their Free File Program.
To be considered, you must complete your 2020 tax return, which the IRS will process and credit the extra stimulus for any qualified dependents who qualify. You have until December 31, 2021, to complete the project.
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