Many Americans have recently received a letter from the IRS. This letter could mean a new stimulus check, so we should not ignore it. This notice does not reach all United States citizens, but it does reach a large portion of them. It all depends on one’s economic level and, of course, on the taxes paid. The main requirement to be able to receive a stimulus check is to have paid your taxes on time. Currently they can still be paid, as there is time until November 17. This is the deadline to have your taxes filed.
You are not required to pay taxes. That is, if your income does not reach the minimum taxable income, do not worry. The important thing is that you have declared all your income in order to be eligible for the stimulus check. This is because a large portion of Americans do not earn more than $12,550 per year, so they do not have to pay taxes.
The idea of this stimulus check is none other than to alleviate the economic burdens of families. For that reason, we cannot forget to complete our tax return. This will give us a good dose of extra money to supplement our salary or our Social Security benefit. Remember to file your return by November 17 to qualify for this new IRS payment.
Who can receive this stimulus check?
Everyone who has their tax return completed by November 17 could receive this stimulus check. The highest wage earners will not receive this check, but everyone else will. Any citizen who has a low source of income and files his or her taxes will be able to receive the stimulus check.
However, if a person does not file his or her taxes before the deadline, he or she will not be able to claim this check. The dollar amount in these cases is exactly for those individuals who have complied with their tax obligations.
When will I receive my check from the IRS?
Before the end of the year all beneficiaries who are eligible for the stimulus check will receive it. The IRS plan is to send the check before the end of November, but it is quite possible that this date will stretch to the end of the year.
So, if all is as it should be, before the end of 2022 American citizens could be in for a new stimulus check to help pay the bills and even have a good Christmas season.