The Internal Revenue Service (IRS) keeps reminding taxpayers that they are still allowed to claim the Recovery Rebate Credit. So, you can claim it even if it was for the years 2020 and 2021.
What is more, if you have not claimed the 2021 Child Tax Credit, you can also apply for it says the IRS. The thing is most Americans who must file taxes have received them. However, there are some citizens who are not required to file a tax return a may be missing out on these payments.
As this could be great news for eligible families, it is time to spread the word. The IRS posted a new message on Twitter reminding taxpayers they can still claim these credits.
WHO CAN RECEIVE A RECOVERY REBATE CREDIT FROM THE IRS?
Americans who did not receive the full amount of their Economic Impact Payments may be eligible for this money. Other citizens may not have the obligation to file a tax return because of their low income.
However, they must file a tax return to claim the Recovery Rebate Credit or the Child Tax Credit. Remember that the IRS will include your Recovery Rebate Credit in your tax return for 2020 or 2021.
The same thing applies if you have not claimed the 2021 Child Tax Credit. Do not miss out on the opportunity to claim free money from the IRS. Stimulus checks are essential.
As a matter of fact, millions of Americans are running out of savings because of the high inflation in 2022 and 2023. Therefore, it is of paramount importance to get as much money as possible if you are eligible.
THE INTERNAL REVENUE SERVICE HAS SET DEADLINES TO CLAIM PAYMENTS
If you did not have to file a tax return for the years 2020 or 2021, it is time to contact the IRS. Ask their agents if you may qualify for these Recovery Rebate Claims, so you can cash some free money.
Putting it off can mean forgetting about it and missing out on a fantastic payment. The IRS claims that if you would like to claim the 2020 Recovery Rebate Credit you must file before May 17, 2024.
Therefore, the deadline is just around the corner. If you have not filed a 2021 tax return, you will have a longer application window. In fact, you can claim the 2021 Recovery Rebate Credit until April 15, 2025.
Although you could delay it, there is no point in doing so because you may need this free money. Otherwise, you may have to end up getting a loan to pay your mortgage or medical expenses if you are on a low income. Use the IRS Volunteer Income Tax Assistance to get some help.