Despite the fact that it is already too late to claim the 2020 Recovery Rebate Credit, Americans can still claim the 2021 stimulus check. However, the IRS can only send you this free money if you are eligible and file your 2021 tax return.
Generally, those who usually file a tax return have already collected their 2021 stimulus check. Nevertheless, many Americans who never file a tax return have not collected their payment yet. So, this information is particularly important if you “don’t normally file a tax return“ says the IRS.
IRS SET THE DEADLINE TO CLAIM THE 2021 STIMULUS CHECK
The Internal Revenue Service will accept tax returns from 2021 through April 15, 2025. Therefore, you can only claim your 2021 stimulus check till April 15, 2025. It is important to inform American workers who have a low wage.
Some people believe that they do not qualify for the stimulus check payment because they earn too little money and have no obligation to file. Some taxpayers may have not received the full amount.
If you have not collected the full amount of these economic impact payments, you may still qualify for the 2021 Recovery Rebate Credit. As of MArch 2024, there were $1 billion in refunds just for the tax year 2020.
WHICH DOCUMENTS DO YOU NEED TO CLAIM THE 2021 STIMULUS CHECK?
It is true that it is not always easy to gather key documents after 3 years have passed. The IRS reminds taxpayers that it is still possible e to gather all of them on time. In fact, you will need several forms for the year 2021.
- Form W-2
- Form 1098
- Form 1099
- Form 5498
If you do not have them, you could get them from your bank, employers, or any other payers they may have had in 2021. Ordering a free wage and income transcript at the IRS’s website is also possible. In this way, you will get all the documents you need to claim the 2021 stimulus check. Visit https://www.irs.gov/individuals/get-transcript to get them.