(NEXSTAR) – There are less than two weeks left until tax credits created during the COVID-19 pandemic expire.
According to the Internal Revenue Service (IRS), people who have not yet filed their 2020 tax return may also be eligible for the Recovery Rebate Credit, but must do so by the May 17, 2024 deadline. There is a need to.
The credit is refundable, meaning taxpayers who don’t owe anything can still benefit, and it was distributed to people who didn’t receive a stimulus check in 2020 or 2021.
Most people have already received their coronavirus-era stimulus checks, but people whose income thresholds don’t require them to pay taxes, for example, may have been overlooked.
Those who missed payments or did not receive the correct amount can claim the tax credit by filing a 2020 return. The deadline to claim your 2021 Recovery Rebate Credit is April 15, 2025.
Requirements for claiming credit
General IRS requirements to qualify include being a U.S. citizen or resident alien during 2020, having a Social Security number issued before the tax filing deadline, and being a member of another taxpayer. This includes not being a dependent.
The IRS notes that the 2020 Recovery Rebate Credit can also be claimed by people who died after 2020.
Not sure if you received all the money you were supposed to receive? You can check online Create an account Along with the I.R.S.
Eligible taxpayers are also encouraged to seek assistance with their tax filings. Volunteer income tax support and tax consultation For senior citizen programs.
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