A substantial stimulus check could be lost if your federal tax return for 2021 hasn’t been filed. You can submit your information using the streamlined filing process located at GetCTC.org to get any money that is owed to you.
According to Roxy Caines, campaign director for the earned income tax credit at the Center on Budget & Policy Priorities, using GetCTC.org has the benefit of speeding up the filing process.
$1,400 Stimulus Checks Still Available
You still have time to submit a claim through the IRS Free File program if you miss the deadline, which begins on November 17 at 12 am, East Coast time. They can submit a claim in this manner by completing a government form.
The 2021 American Rescue Plan Act, passed by Congress, now provides millions of Americans with temporary access to increased tax credits. Due to a recovery rebate credit that was additionally made available, each participant got a third $1,400 stimulus payment.
It also increased the effectiveness of the current earned income tax credits and child tax credits. Children under the age of six and those between the ages of six and seventeen were each eligible for a child tax credit of up to $3,600 and $3,000, respectively.
For that tax year, the low- and middle-income workers earned income tax credit was also increased. Employees without children are eligible for up to $1,502, and filers with three or more children are eligible for up to $6,728. More employees qualify for the credit in the 2021 tax year as a result of the benefit’s extended eligibility for workers without children and lower and higher age thresholds.
Stimulus Check in Child Tax Credit
The earned income tax credit, which helps low- and middle-income workers, was also raised for that tax year. Employees without children may receive up to $1,502 in benefits, while filers with three or more children may receive up to $6,728 in benefits.
Due to the extension of the eligibility for workers without children and the younger and older age restrictions, more employees are now qualified for the credit.
In September 2020, the IRS notified 9 million non-filers that they might not have received the stimulus checks for that year. Many of the non-filers are excluded from filing tax returns because of their low salaries.
Members of this community must be aware that they may be eligible for these tax credits, even if they haven’t in the past. But other people might be reluctant to even submit an application for the credits.