Do You qualify?
Joe Biden’s The American Rescue Plan gave the IRS until December 31 to make the payments, meaning that you have until the end of the year to submit your 2020 tax return to qualify.
Those eligible to receive a “plus-up” payment should be able to track its status by using the IRS” Get My Payment tool.
SURPRISE plus-up stimulus payments of $1,400 will be sent out before the New Year, and here’s how to make sure you register in time.
Plus-up payments are extra stimulus checks sent out to those who received a stimulus check based on their 2019 tax return or information obtained from the Social Security Administration.
The final round of these IRS stimulus checks will come to an end on December 31, 2021.
Payments are expected to be sent out to eligible Americans every week until the Congress deadline is met.
According to The Sun, Adults who lost income during the coronavirus pandemic are eligible and some of their dependents will also be eligible to receive payment.
Plus-up payments are additional stimulus checks which will be sent to those who received stimulus checks based on their 2019 tax returns.
Those whose income happened to be lower in 2020 than in 2019 will also be eligible for payment.
You can claim your payment by filing a federal tax return. According to Macra, The payments are sent separately from your 2020 tax refunds and are typically issued within two weeks of the time your tax return was processed.
* Additional Disclaimer: All content provided by this newsletter is for informational and educational purposes only and is not meant to represent trade, investment, or healthcare recommendations.