IRS prepares an additional 1.5 million checks: Who will receive them?

• The tax agency confirmed how much money would be sent in these checks.
• The IRS will send extra checks to some lucky ones.
• To receive one of the additional checks from the IRS you will have to meet the requirements.

The IRS prepares an additional 1.5 million checks. The tax agency announced it would be sending an additional 1.5 million checks to eligible families. Also, they stated that the aid could reach $ 1,600 dollars of the stimulus.

The US Internal Revenue Service continues to send aid from the American Rescue Plan signed by President Joe Biden in March. That plan excluded up to $ 10,200 in taxes as unemployment compensation.

IRS confirms requirement of additional checks

One of the main requirements, according to the IRS, to obtain the additional checks would be to have had a modified adjusted gross income that was less than $ 150,000 per couple. The money would come from the exclusion contemplated in Biden’s plan.

“Since May, the IRS has issued more than 8.7 million unemployment compensation refunds totaling more than $ 10 billion. The IRS will continue to review and adjust the tax returns in this category this summer, ”notes the IRS.

IRS advises when additional checks will be sent

“Direct deposit refunds will begin July 28 and paper check refunds will begin July 30. This is the fourth round of reimbursements related to the unemployment compensation exclusion provision, ”the agency said.

In addition, according to the aforementioned statement, «the IRS’s effort was focused on minimizing the burden on taxpayers so that most people do not have to take any additional steps to receive the refund.»

What must be done at the IRS to receive the additional checks?

The federal agency noted that most people eligible for the aid will not have to file an amended return, as it is IRS personnel who have been reviewing and adjusting the tax returns, in order for them to obtain the aid.

“For this round, the IRS identified approximately 1.7 million taxpayers who needed to make an adjustment. Of that number, approximately 1.5 million taxpayers are expected to receive a refund. The average reimbursement is $ 1,686, ”the statement said.

Some will run out of extra checks

«For taxpayers who overpaid, the IRS will either refund the overpayment or apply it to other outstanding taxes or other federal or state debt owed,» the IRS statement on additional upcoming checks said.

The agency began to review the statements that it considered «simpler», but now continues with those that are considered more complex. «The average refund amount is higher for this round because the IRS included an adjustment to the Advance Premium Tax Credit (APTC),» the statement said.

IRS Reveals It Will Send Very Important Letters About Additional Checks

The IRS advises that it will send letters to people who qualify for the additional checks 30 days after the adjustment is made. The letters will contain information on the type and amount of the refund, as well as the payment of any debt or compensation.

Although most do not need to take any action to obtain one of the additional checks from the IRS, others will need to file an amended return so the agency can process their refunds or extra aid.

Who should send an amended return to the IRS?

According to the same statement, those who did not file a «Schedule 8812 with the original return to claim the Additional Child Tax Credit and are now eligible for the credit after exclusion of unemployment compensation» should submit an amended one.

Additionally, those who did not file a “Schedule EIC with original return to claim the Earned Income Tax Credit (with qualified dependents) and are now eligible for the credit after unemployment compensation exclusion,” should also submit it.

Others who must file the return to the IRS

Also, taxpayers who «are now eligible for other credits and / or deductions that are not mentioned below,» must also submit an amended return. «Be sure to include all required forms or schedules,» asks the IRS.

They confirm where the $ 1,000 thank you checks will arrive. Some people will receive the extra stimulus in various states around the country. The aid would be destined for certain people who were essential during the COVID-19 pandemic.

Thank you checks in various states

The requirements to obtain the thank you check vary from state to state. In the state of Georgia, more than 230,000 thousand people would obtain support of up to $ 1,000 dollars as part of the money from the American Rescue Plan, according to the site ACE. For its part, the state of California will contemplate thank you checks that would cost at least 2.8 million in total.

The Berkeley Unified School District would schedule the aid along with a salary increase for teachers, according to The Sun. Colorado, Tennessee and Texas will also consider the thank you check, according to the aforementioned media. The state of Michigan also provided, in February of this year, similar aid but for less money considering checks for $ 500 and $ 250 dollars.

Another state that will give thank you checks

It should be noted that the aid is designed only for individuals who qualify. The state of Florida is preparing a new stimulus of up to $ 1,000 for teachers and first responders as thanks for their work and service during the pandemic, reveals The Sun.

Aid for teachers and first responders would be sent out later this summer. The funds for these checks would come from a budget of $ 101.5 billion that was recently authorized by the Republican Gov. Ron DeSantis.

Thank You Checks Will Benefit Thousands

The check for teachers and first responders would benefit more than 354,000 people statewide. «We know that the pandemic put great pressure on our first responders, emergency medical technicians, sworn police officers, firefighters, so we believe that we must recognize their sacrifice during the last year,» said the governor.

The $ 1,000 stimulus was proposed in March by Florida Governor Ron DeSantis. $ 400 million from the state budget would be reserved for aid checks for teachers and first responders, notes The Sun newspaper.

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