Survey reveals many Americans are reluctant to file taxes given the reduction in the IRS workforce.
You might think fewer IRS agents means less likelihood of an audit, but experts advise otherwise.
Scripps News
Texans who did not receive a stimulus check through the Recovery Rebate Credit in 2021 might be in for an unexpected deposit.
If you haven’t received your $1,400 stimulus check from the federal government, eligible individuals can still meet the deadline.
Tax filers might also be missing out on income tax refunds from prior years due to not filing their returns.
Here are the important details regarding the deadline to claim this credit.
Who is eligible for the stimulus check?
The Internal Revenue Service (IRS) reports that over a million taxpayers in the U.S. failed to claim the Recovery Rebate Credit on their 2021 tax returns.
This refundable credit was intended for individuals who did not receive one or more Economic Impact Payments (stimulus checks) during the COVID-19 pandemic.
What if I haven’t filed my 2021 taxes?
Individuals must file their 2021 taxes to receive any potential refunds owed to them.
The IRS notes that individuals who did not file their 2021 taxes can still qualify for their stimulus checks, but they must submit their tax returns by April 15, 2025, to claim the credit and any owed refunds.
How will I receive my stimulus check?
No extra action is needed to claim it—just file your 2021 taxes, and the funds will be sent automatically.
The IRS has indicated that checks, with a maximum amount of $1,400, will be dispatched either via paper check or directly deposited into the bank account provided with the 2023 return. A separate letter will accompany the notification of the payment.
— This report includes contributions from Bonnie Bolden, reporter for the Mississippi Clarion Ledger.
