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Saturday, September 24, 2022

Stimulus Check Update: Receiving The Last Check

Before this year draws to an end, the IRS has been working round the clock to keep sending the additional stimulus check payments to many Americans. These payments have been designed for Americans to catch up on the money that they were eligible for but hadn’t received previously due to a host of reasons. According to the agency, Plus-up payments are being currently sent to those who have already been delivered a third EIP based on the tax return of 2019 or the information received from VA, RRB, or the SSA. 

Receiving Your Last Stimulus Check

There is a deadline put forward by the lawmakers for the Plus-up stimulus check payments- which is the 31st of December, 2021. Since this will come into play just a week from now, if you think you are eligible for the payments and want your payment to be processed before the deadline passes, it would be good for you to file your tax return for the previous year immediately. While the payments do get issued normally within two weeks from the time your tax return of last year would get processed, filing now might see your tax return slip in before the deadline- thereby securing you a payment. 

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As the IRS has already brought this to notice, individuals who didn’t secure the third round of EIPs or did not receive the amount that was correct would now be able to claim the money that they are due through a scheme which has been called the Recovery Rebate Credit- kept strictly aside for stimulus check payments. 

If individuals are eligible for this, then they can apply for this after the tax return of 2021. The deadline for the filing of the Recovery Rebate Credit and making the tax payments of 2021 is on the 18th of April, 2022. Although there have been major talks of postponing the stimulus check recovery, it will still be arriving sooner than later.

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