$1400 Third Stimulus Checks: Who’s Still Eligible?
According to a GAO report, 165 million Americans have received $931 billion in stimulus payments from April 2020 through 2021. (GAO).
However, the agency estimates that between 9 million and 10 million Americans are still owed stimulus payments.
Separately, the IRS will send letters to people who missed stimulus checks and other tax benefits, such as the Child Tax Credit and Earned Income Tax Credit.
Over the next few weeks, they will be delivered to over nine million mailboxes. The letters will be printed in both English and Spanish and will inform you of any outstanding debts.
If you still owe money, the simplest thing you can do is file a tax return. For stimulus money, you'll need to claim the Recovery Rebate Credit on your 2021 taxes.
How To Claim Money
"The IRS wishes to remind potentially eligible individuals, particularly families, that they may be eligible for these valuable tax credits," said IRS Commissioner Chuck Rettig.
If you make less than $12,550, or $25,550 if you file your taxes jointly, you are eligible for this deduction for the tax year 2021.
The GetCTC.org tool is available to eligible low-income Americans. This allows you to claim not only the maximum CTC of $3,600 but also the third federal stimulus check and the EITC.
The third stimulus check, which was a component of the American Rescue and Reinvestment Plan Act, had a value of $1,400 for each individual.
Qualifying Americans receive the maximum payment if their annual income is $75,000 or less, or $150,000 for couples.
The $1,400 check begins to phase out after those thresholds, and it is then capped at $80,000 and $160,000, respectively.