The United Statesstimulus checks work perfectly to be able to help the neediest families. In this way, many American citizens can enjoy some extra money. The problem is that many of the users who can apply for this stimulus checkhave not yet done so and the deadline to do so will soon be over. Thanks to these checks, the most disadvantaged users receive financial help.
In this sense, there are still between 8 and 9 million American citizens who can apply for their additional help for financial problems related to COVID-19. This help comes in the form of a stimulus check or a child tax credit.
If you haven’t applied for one of these checks, there is still time, but don’t waste the opportunity, as it may be too late in the future. Any kind of help is good for achieving better financial health.
Who will receive this stimulus check?
All low-income families who do not pay taxes can apply for this stimulus check. To do so, they must file simplified tax returns. This will make it straightforward for them to see if they are eligible to get the additional check that helps with the COVID-19 financial situation. For taxpayers who did have to pay taxes, the opportunity to file was also extended, but the deadline was October 17.
Thus, individual filers with an annual income level of less than $75,000 are eligible for three different stimulus checks. If filing jointly, the taxable maximum is $150,000. After that, the family will not be able to apply for the three stimulus checks, although it could apply for some of them.
In addition, families with children can apply for the Child Tax Credit. This Child Tax Credit serves to reduce all financial problems and ensure good nutrition for the country’s children.
When is the deadline?
The deadline to apply for this new stimulus check is just 8 days away. This means that until next November 15, anyone can apply for it. To do so, you just need to file your taxes. If you do not have to pay taxes, it is very likely that you will receive one of these checks.
Remember that if you receive less than $75,000 a year, you do not have to pay taxes. So in this case, receiving one of these stimulus checks is assured. Anyway, pay your taxes on time in case you have to pay them, as it will save you a lot of money in the future. Unpaid taxes have penalties that we must pay, so don’t forget to do so to avoid any problems with the Federal Government and the IRS.