May 14, 2021
You could get a SURPRISE stimulus check if you recently filed your taxes – here’s how
This news has been received from: the-sun.com
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Over a million payments have been sent out to people across the country as the IRS has released its latest batch of checks.
Read our stimulus checks live blog for the latest updates on Covid-19 relief...2Americans could receive some extra cash if they've recently filed their tax returnsCredit: Getty
If you have recently filed your taxes, there are two ways you may receive some extra cash.
You may still be waiting for your stimulus check if the IRS has out-of-date bank details.
Americans should submit a Recovery Rebate Credit form and the stimulus money will be added to any rebate you are due.
The Recovery Rebate Credit section on the Internal Revenue Service's website offers a comprehensive, step-by-step guide on how to submit for the tax credit.
Individuals must file a 2020 tax return to claim the Recovery Rebate Credit even if you're not required to file.
The "recovery rebate" allows people who didn’t receive their stimulus checks to claim their payments on their 2020 tax return.
If you plan to do this, you must be quick as Tax Day is May 17 2021.2Some Americans may be entitled to a plus-up payment so could receive some extra cash if their household income has changed over the last yearCredit: Getty
Alternatively, some Americans might be entitled to a "plus up payment".
Over 460,000 plus-up payments have been sent out in the latest batch of checks.
The IRS has stated that these supplemental funds are "for people who earlier in March received payments based on their 2019 tax returns but are eligible for a new or larger payment based on their recently processed 2020 tax returns."
Americans may receive plus-up payments if their income dropped in 2020 compared to 2019, or if they have added a dependent to their tax return.
There have been calls for the Government to introduce a fourth stimulus check following the disruption caused by the Colonial Pipeline shutdown.
White House press secretary Jen Psaki said another round of checks is “dependent on Congress”.Most read in US NewsLive BlogCHECK YOURSELFBiden says Americans will lose unemployment benefits if they turn down jobsLive Blog'KILLER' TEENGirl, 13, 'stabbed to death' as cops charge classmate, 14, with her murderBALL GAME BRAWLPadres fan knocks out Rockies supporter with 1 punch leading to huge fightFUEL BUSTPipeline shut after 'hack hit billing system & had no way to charge customers'GUN BATTLE'Targeted' shoot-out 'leaves 9 hurt' as 'two groups open fire in ongoing feud''VERBAL ASSAULT' Pelosi urges probe into Rep Marjorie Taylor Greene 'screaming' at AOC
One petition calling for recurring monthly stimulus checks of up to $2,000 has racked up over two million signatures.
The petition was started by Colorado-based restaurant owner Stephanie Bonin last year.
Support for the proposal has continued to grow since January as 56 Democratic legislators stressed the need for recurring payments in a letter to President Biden.White House's Jen Psaki says fourth stimulus check is up to Congress and 'not free'
News Source: the-sun.com
Tags: extra cash stimulus checks americans could receive stimulus check if fourth stimulus check be entitled plus up payments plus up payment stimulus checks some americans based on their americans may for recurring to claim if they the irs tax returns white house may receive the irs
IRS adds tools to help parents claim expanded child tax credit payments
(CNN)Parents can now check their eligibility for the expanded child tax credit and manage their payments, which begin next month, using two online tools the Internal Revenue Service debuted on Tuesday.An eligibility assistant allows families to determine whether they qualify for the advance credit by answering a series of questions. Eligible parents will get $300 a month for each child under age 6 and $250 for each one ages 6 to 17 in monthly payments starting July 15 and running through the end of the year.Another tool lets parents verify their eligibility for the credit and opt out of monthly payments, instead receiving the full credit as a lump sum when they file their tax return next year. In coming weeks, people will be able to view their payment history, change their bank account information and update their mailing address through the tool.