{"id":35998,"date":"2023-11-20T21:07:40","date_gmt":"2023-11-20T21:07:40","guid":{"rendered":"https:\/\/isafespend.com\/personal-finance\/taxes\/theres-still-time-left-to-claim-your-stimulus-checks\/"},"modified":"2023-11-20T21:07:41","modified_gmt":"2023-11-20T21:07:41","slug":"theres-still-time-left-to-claim-your-stimulus-checks","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=35998","title":{"rendered":"There\u2019s Still Time Left To Claim Your Stimulus Checks"},"content":{"rendered":"
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The IRS has issued a reminder to those who may be entitled to the Recovery Rebate Credit to file a tax return and claim their money before the deadline.<\/p>\n

I know what you’re thinking: wasn’t that a long (long) time ago? Yes.<\/p>\n

Background<\/h2>\n

In March 2020, the Coronavirus Aid, Relief, and Economic Security Act\u2014or CARES Act\u2014provided Economic Impact Payments\u2014or EIPs\u2014of up to $1,200 per adult for eligible individuals and $500 per qualifying child under age 17. The payments were reduced for individuals with adjusted gross income (AGI) greater than $75,000 ($150,000 for married couples filing a joint return).<\/p>\n

The Tax Relief Act of 2020, enacted in late December 2020, authorized additional payments of up to $600 per adult for eligible individuals and up to $600 for each qualifying child under age 17. The AGI thresholds at which the payments began to be reduced were identical to those under the CARES Act.<\/p>\n

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The American Rescue Plan Act of 2021, enacted in early March 2021, provided EIPs of up to $1,400 for eligible individuals or $2,800 for married couples filing jointly, plus $1,400 for each qualifying dependent, including adult dependents.<\/p>\n

Current Credits<\/h2>\n

Most people received their EIPs, more commonly called stimulus checks, in 2020 and 2021. Those who didn’t receive checks, or received the wrong amount, could claim them by filing a tax return and claiming the Recovery Rebate Credit.<\/p>\n

If you missed out initially, there’s still time: The deadlines to file a return and claim the 2020 and 2021 credits are May 17, 2024, and April 15, 2025, respectively.<\/strong> That\u2019s because the 2020 credit would have been claimed on a return filed 2021, and the 2021 credit would have been claimed on a return filed in 2022. You typically have three years from the due date to claim a refund. That means you still have a little extra time to claim your refund if you didn\u2019t file in 2021 or 2022.<\/p>\n

You can’t claim the credit if you don’t file. It’s important to note that:<\/p>\n