How to Get Another $1,400 Direct Payment

Some Americans will be eligible for a $1,400 stimulus check this year even if Congress fails to pass any legislation for another round of checks.

Republicans and Democrats have fiercely fought over stimulus testing after passing the first round in 2020, so most Americans have already gotten all the money they were likely to get. . However, some Americans will be able to claim additional payments when they file their taxes, and they may be eligible for the full $1,400 payment.

One way Americans might qualify for the full $1,400 payment is if they have children in 2021. Why? Because the 2021 Economic Impact Payment is based on a person’s 2020 or 2019 income. So any eligible dependents who joined the family last year will not be counted towards the payment.

People with children who qualify for the Recovery Reimbursement Credit can claim dependents when they file their 2021 tax returns this year. To be eligible, a child must be under 19 years of age at the end of the year unless they are a student and are the child, brother, sister, adopted sister, stepbrother, half brother or descendant of anyone in the family. surname number.

Wednesday stimulus check update $1,400 tax payment
Some Americans will be eligible for an additional $1,400 payment when they file taxes in 2022. Here, President Joe Biden spoke about the impending retirement of Deputy US Supreme Court Justice Stephen. Breyer in the Roosevelt Room of the White House on January 27 in Washington, DC.
Drew Angerer / Getty Images

Unlike the first two payments, which limited dependents only to children, the third stimulus check accommodated dependents of all ages. So, someone who adds a parent or grandparent or another qualified dependent to their household may also be eligible for the $1,400 payment.

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If a person doesn’t add dependents to their family in 2021, they can still claim the Recovery Reimbursement Credit on their 2021 tax return.

As of 2021, economic impact payments are based on a person’s 2020 income, they may be eligible for more if they lose income in 2021. For example, if a person applies earn $80,000 in 2020, they will not be eligible for stimulus checks because of income limits. However, if their adjusted gross income falls to $75,000 in 2020, they can claim the full $1,400 on their tax return this year.

The Internal Revenue Service began sending Letter 6475 in late January and intends to detail a person’s 2020 Economic Impact Payment. Taxpayers may find the letter helpful in determining if they owe more money and if they are eligible to claim the When They Pay Tax Return Credit.

Anyone who thinks they may be eligible for more money than they receive should pay attention when filing taxes this year, as this will be their last chance to receive the money.

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