The American Rescue Plan Act of 2021 authorized the third round of Economic Impact Payments to advance the tax credit for the year 2021. The Department of Finance (DOF) has stated in a press release that a total of $3,435,937.50 in additional Third Economic Impact Payments will be distributed to 2,131 recipients.
Due to a 2020 income tax return or amendment, an additional $1,400.00 will be paid out in this batch.
Third Stimulus Payment
According to Saipan Tribune, more than 600 taxpayers who have not yet received a third stimulus payment due to error or ineligibility have received a letter this week. By Dec. 23, 2021, taxpayers have been urged to resolve any outstanding errors to meet the Dec. 31, 2021 payment deadline. To receive the third stimulus payment in the tax year of 2022, taxpayers can also claim the 2021 recovery rebate credit.
Using the bank account information recipients provided in their most recent tax return, the IRS may direct deposit their stimulus payments. Their most recent tax return mailing address can be used to send a check or pre-paid debit card. Individuals or heads of households can receive up to $1,400 in stimulus payments, while married couples filing jointly can receive $2,800 in payments. Each qualifying child’s parents may also be eligible for $1,400.
Beware Of Scams Related To The Stimulus Check
According to the Federal Trade Commission, criminals are stealing money from unsuspecting victims by promising a third stimulus check. Fake IRS e-mails now claim that individuals can receive an additional Economic Impact Payment if they click a link to access additional information and get assistance with an application, which is a scam, as per CNBC.
Fraudsters pretend to be employees of the Social Security Administration, the IRS, the Centers for Medicare and Medicaid Services, or another government agency in order to steal money. Scammers could steal your money and personal information to commit identity theft if you click on the link sent to you.
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