Some eligible for 'plus-up' stimulus check payments from IRS

Lawrence Kim
Апреля 7, 2021

An estimated 130 million Americans have already received their third round of stimulus checks after the passing of the American Rescue Plan last month. People can check the Get My Payment tool on IRS.gov on to see if their payment has been scheduled.

A large set of payments began this month going to social security and other federal beneficiaries who didn't file a 2020 or 2019 tax return and didn't use the non-filers tool previous year. However, with the last round of stimulus also being issued in the middle tax season, it created some problems. 2020′s filing tax season has been extended from April 15 to May 17, 2021.

No action is needed by most people to obtain this round of Economic Impact Payments, the IRS said.

The Internal Revenue Service and U.S. Treasury already have successfully disbursed more than a hundred thirty million coronavirus stimulus checks worth approximately $335 billion to Americans-and if you're a Social Security, Supplemental Security Income (SSI), or Railroad Retirement Board recipient who has yet to receive the relief payment, know that it will likely arrive via direct deposit or traditional mail this week. For instance, the first round of stimulus checks provided $500 per eligible dependent, the second one $600 and the third handed out $1,400 per child. Now that the IRS is processing more 2020 tax returns, the agency is also sending "plus-up" payments to households whose 2020 returns would have qualified them for more stimulus than what they received based on their 2019 return.

"You must file a 2020 tax return to claim a Recovery Rebate Credit even if you are otherwise not required to file a tax return", the IRS said earlier this year.

In addition, the first two checks included an age cutoff for eligible dependents, excluding from payment teen dependents over the age of 17. Those same working families - couples who make under $150,000 or single parents making under $75,000 - are eligible for the monthly child tax credit. Parents must file their 2020 taxes to qualify for the child tax credit.

Two potential pitfalls are tied to dependents, and the differing payment amounts and eligibility rules that applied to each round of stimulus, according to the IRS. The credit has been expanded from $2,000 per child annually up to as much as $3,600 per dependent.

If you had a child in 2020 and your income level was within the specific ranges, you are eligible for an additional $1,400 check if you claimed that child as a dependent on your 2020 tax return. For individuals who are the head of household, the adjusted gross income must be $112,500 or below. Federal beneficiaries saw a delay, however, due to the Social Security Administration's failure to provide necessary payment information to the IRS.

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