Time flies and May 2024 is already here. Many Americans can’t wait to receive some free cash. It does not matter if it is a stimulus check, a tax refund, a tax rebate, a Guaranteed Income Program, or a similar payment.
Believe it or not, the IRS confirms that it is still possible to claim a stimulus check in the United States. However, the deadline is approaching and time is running out for eligible Americans.
WHO CAN STILL APPLY FOR A STIMULUS CHECK?
First and foremost, it is important to highlight that it is for those citizens who have not collected a stimulus check payment yet. So, if you collected all the Economic Impact payments you do not qualify.
What is more, it will be mainly for those citizens who do not have the obligation to file a tax return. So, if you are not required to file a tax return, you may want to apply to see if you are eligible.
If you did not have to file a 2020 tax return, you may still have a chance to get a stimulus check payment. The IRS insists you can claim the Recovery Rebate Credit for 2020 before May 17, 2024.
WHEN IS THE DEADLINE TO CLAIM THE 2021 STIMULUS CHECK?
Unlike the 2020 Recovery Rebate Credit, you have much more time to claim it. The IRS claims that you could apply for this payment until April 15, 2025. So, there is still almost a year to file.
All you have to do is file a 2020 tax return to receive these stimulus checks. Do not worry if you do not have the obligation to file, because you can also apply for it. Those who applied last month, may receive this free money in May is eligible.
If you are not sure whether you qualify or not, all you have to do is use Form 1040 and Form 1040-SR. In this way, it will help you determine whether you qualify for this REcovery Rebate Credit. Visit https://www.irs.gov/pub/irs-prior/i1040gi–2020.pdf for more details.