The U.S. government has been actively aiding Americans in overcoming the economic challenges spurred by the COVID-19 pandemic. A key measure in this effort has been the distribution of stimulus checks to eligible individuals and families.
While the first round of stimulus checks has already been disbursed, there’s an opportunity for certain Americans to claim an additional $1,400. However, time is of the essence as there’s a looming deadline for applications. It’s crucial for eligible individuals to act promptly to ensure they don’t miss out on this financial assistance.
Who is eligible?
To qualify for a $1,400 stimulus check, you must meet the following criteria:
- Be a U.S.citizen or resident alien
- Have a valid Social Security number 2021 Adjustment
- Have a gross income (AGI) of less than $75,000 ($150,000 for married couples filing jointly)
How to apply
If you think you may be eligible for a stimulus check, it’s important to file your 2021 federal income tax return by October 16, 2023.If you have already completed this submission, no further steps are required.The IRS will automatically verify your eligibility and process your payment if you qualify.This is a simple process that ensures eligible individuals receive their stimulus money without any additional effort.
When will you receive your check?
Stimulus checks from the IRS started going out in early 2022. Given the substantial number of applications, it’s important to note that the processing period for these payments can extend over several weeks, and in some cases, even months. This delay is due to the sheer volume of requests and the meticulous review process to ensure accuracy and eligibility. Therefore, individuals should be patient while awaiting their stimulus payments, understanding that the IRS is working diligently to fulfill the disbursements.
What if you miss the deadline?
Unfortunately, if you miss the deadline to file your 2021 tax return, you will not be eligible for a $1,400 stimulus check.
