Congress, it seems, is now done with sending out stimulus checks. There have been three rounds of stimulus checks so far, but there are still a few who haven’t yet received their first two stimulus checks. If you are one of those who haven’t yet gotten the first two coronavirus stimulus checks despite being eligible, then the good news from the IRS is that you can still claim your payment.
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Congress approved the first round of stimulus checks of up to $1,200 and $500 dependent payment in March of last year. The second round of stimulus checks was approved in December of last year.
If you haven’t yet received these payments or received a lesser amount, then the IRS says you can still get the payment if you are eligible. However, such persons need to act soon, the IRS says.
The IRS requests such persons to file their 2020 tax return. Also, those who haven’t yet gotten their stimulus checks and don’t usually file taxes can use the Child Tax Credit non-filer sign-up tool to register with the IRS.
Once you register with the IRS (or file your return) the agency will be able to determine your eligibility. If found eligible, the agency will issue you the payment. Moreover, after you file your taxes or register using the non-filer tool, the agency will automatically evaluate your eligibility for the third stimulus checks, which were approved in March of this year.
It is important that you file your return (or register using the non-filer tool) as soon as possible, in order to give the IRS enough time to assess your eligibility and issue the payment before the end of the year. Moreover, the agency says it will continue to assess the eligibility for third stimulus checks, as well as for plus-up payments through the end of 2021.
Important Deadlines For Child Tax Credit Payment
Along with stimulus checks, the IRS has also come up with information for the eligible recipients of the child tax credit (CTC).
In a press release, the IRS noted that those who file and have their 2020 tax return processed on or before Nov. 1, may be eligible for the next two installments of the expanded child tax credit.
Similarly, those who file and have their return processed on or before Nov. 29, may be eligible for one CTC payment. This payment, however, would amount to half of the total benefit, and depends on the number of eligible dependents you have.
Separately, those who requested an extension are being encouraged to file their return soon. Filing an extension early will give enough time for the IRS to determine your eligibility for the monthly child tax credit payments.
After the IRS processes your return, it will calculate the amount of credit, and issue the payment over the remaining months in 2021.