Stimulus 2022: Millions of Americans Could Receive Payments From the IRS; Are You Eligible?

November 7, 2022 Angelo Castelda Stimulus Check 0

The IRS has millions of returns left to process

The IRS has been sending letters to millions of taxpayers who missed their tax rebates.   If you recently received a letter from the IRS, don’t ignore it; you could be qualified for extra cash.

The tax agency announced, in mid-October, that it would begin mailing out letters to more than 9 million Americans who may qualify for thousands of dollars worth of stimulus payments and tax credits.

Americans who may have received the letters were identified by the Treasury’s Office of Tax Analysis. Normally, these individuals aren’t required to file their taxes since they have very low incomes.

The IRS announced that certain Americans can still claim money for the 2021 Recovery Rebate Credit, the Child Tax Credit, and the Earned Income Tax Credit.

Taxpayers have until Nov. 17 to take advantage of the Free File to claim their benefits. The no-charge software is available on the IRS website until the mid-November deadline.

The tax agency said that people who believe they are eligible for these benefits but haven’t filed a 2021 tax return could do so on the Child Tax Credit website.

Many Americans received stimulus payments to stay financially afloat during the pandemic. The IRS relied on tax returns to determine which people qualified and where to send the payments, but the IRS said millions of Americans also didn’t receive these payments.

 

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About Angelo Castelda 98 Articles
Angelo Castelda works as a feature writer in Asia. In his free days, he likes to read books and magazines about the latest architectural news and trends. This ultimately made him fall in love with architecture and now spends most of his time writing about it.