Missed Out on Stimulus Checks? Here’s What You Can Do Now
If you’ve been wondering whether it’s too late to claim your stimulus checks, you’re not alone. While the buzz around stimulus payments may have faded from the headlines, there’s still hope for those who haven’t received payments. Here’s what you need to know to navigate your way to those missed funds.
Why Haven’t You Received Your Stimulus Payment?
First, let’s look at the reasons why your payment might not have arrived. It may be that you are a delinquent filer and we may be able to help you bring your affairs up to date using the Streamline procedure - a favourable amnesty program, whilst also claiming the third stimulus payment if you qualify.
Please note that the stimulus payments need to be claimed and they will not be paid to you unless the correct forms are completed.
Is It Too Late to Claim?
Whilst it is too late to claim the 2020 payment, as a US citizen or greencard holder living abroad, you are still in time to claim the 2021 payment (up to June 15th 2025). The Internal Revenue Service (IRS) allowed individuals to claim their missed payments by filing for a Recovery Rebate Credit on their 2021 return. If you haven’t done so, it’s worth looking into your eligibility now.
Steps to Take
- Check Your Eligibility: Ensure you meet the requirements for the stimulus payments issued in 2021. Keep an eye out for adjusted gross income (AGI) limits and dependency status.
- File a Tax Return: Even if you aren’t typically required to file, submitting a return may be your gateway to claiming the Recovery Rebate Credit.
- Contact the IRS: If you believe you’ve done everything right but still haven’t received your payment, it may be worth reaching out to the IRS or using the “Get My Payment” tool on their website.
- Seek Expert Advice: Phinch are here to help!
Don’t miss out - file your 2021 tax return before June 15th 2025!
