- Some people are still waiting for their first or second stimulus check
- This is what you need to do to get your checks for coronavirus relief
- The agency urges those with very low or no income to file tax returns
Haven’t received your money yet? Some people are still waiting for their first or second stimulus check, which is why now it has been revealed what you need to do to get your coronavirus relief checks.
The announcement of the Social Security Administration is aimed at those who, even if they qualify, haven’t received the first $ 1,200 or the second $ 600 that were approved by Congress during the Trump administration.
They reveal what you need to do to get checks for coronavirus
Regarding the third check, the Internal Revenue Service (IRS) has indicated that beneficiaries do not have to do anything to receive the funds. However, if you have not received either of the first two aid checks and you are a beneficiary of Social Security (SSA) or Supplemental Security Income (SSI), you do have something very important to do.
As indicated in a statement by the Social Security Administration, this group of people should file your 2020 tax return as soon as possible possible in order to receive the pending money from the IRS.
Tax returns are urgent to get checks
It’s not just about Social Security beneficiaries. The agency also urgently submits tax returns to those who have very little or no income and who, because of this, do not usually present information about their finances to the IRS.
The Social Security Administration warned that “most Social Security beneficiaries and Supplemental Security Income (SSI) beneficiaries should have already received their (payments)” and if not, the essential step will be precisely to file a tax return.
Claim your refund with the IRS
How to claim the pending money of the first two checks? Beneficiaries may request their payments on line 30 of Forms 1040 or 1040-SR for seniors corresponding to a recovery refund credit.
By filling out this information that they ask for in the tax return document, you will be claiming your money from the IRS, indicated the Social Security Administration. Remember that as soon as your return is processed, the IRS will issue you the check that is due to you, but what will that payment include?
What will that refund payment include?
The reimbursement payment could include the amount corresponding to the first ($ 1,200) and second ($ 600) checks, the Social Security Administration said. But that will not be all, because once the IRS has your information, it will also send you, although separately, the $ 1,400 dollars of your third check.
If you already filed your return this year, then you should not file another. On the other hand, if you have not sent your updated information to the tax collection agency, then the best way will be to send your information to receive the money that according to the law corresponds to you.
Tax filers could get a plus-up check
Tax filers could get a plus-up check. The United States Internal Revenue Service (IRS) has revealed how to obtain one of these plus-up or additional checks.
Taxpayers who file their 2020 tax return before the May 17 deadline could receive one of the expected plus-up checks. And, the IRS needs the information from the tax return to be able to send them.
Tax return could bring a plus-up check
According to various IRS communications, the United States federal tax agency has begun sending plus-up checks to those who meet the requirements and have filed their 2020 tax return.
The seventh batch of payments, the IRS announced, began processing on Friday, April 23 “with an official payment date of April 28,” and many received an additional check. The Internal Revenue Service, the US Department of the Treasury and the Office of the Tax Service announced the disbursement of more than 2 million payments.
Who will get a plus-up check from their tax return?
This batch shipped last week also included plus-up checks for certain eligible people. “This lot included more than 730,000 of these” plus-up “payments, with a value of more than $ 1.3 billion,” the Internal Revenue Service said in a release.
One of the criteria for these additional checks is to have already received the third coronavirus relief check in the various batches previously sent by the IRS. However, the essential requirement to receive this plus-up check was announced by the IRS.
You could receive it even if you already received the third check
Plus-up checks are for people who received less than $ 1,400 on their third check earlier this year. The above, because the IRS used your 2019 tax return to calculate aid.
Now, many of these people could get their plus-up check on an ‘essential’ requirement if they “are eligible for a new or larger payment based on their recently processed 2020 tax returns,” the IRS says.
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