Tax Deadline has to be met if you want to continue receiving the stimulus money. The deadline for filing your taxes was extended by the federal government. That deadline is due on 15th October. The government has sent repeated reminders to the citizens to submit their taxes.
Failing to do so will result in a stoppage of stimulus money. In fact, money received can be asked to be returned if one fails the Tax Deadline. Earlier, the taxpayers had requested an extension to gather detailed information about their filing. However, they should be ready with their records as the deadline is approaching soon.
Tax Deadline For Stimulus Payments Due On 15th October
The deadline has been issued. Americans who wish to continue getting their stimulus money will have to submit their taxes. Benefits such as the child tax credit and various other tax benefits could be discontinued. The government is providing several options for the smooth payment of taxes. Electronic methods have been highly encouraged this year.
The IRS has also declared a free filing for citizens earning below $72000. A form (Form 4868) was given to the taxpayers which required to be submitted before 17th May. The citizens opting for an extension are required to pay a part of their approximate income tax. Citizens can pay their taxes using Direct Pay or the payment system for federal tax. People can also pay their dues by simply using a credit or a debit card.
A significant portion of the citizens has been granted an extended Tax Deadline. These include Military officials and residents of disaster areas. Stimulus Checks have been a boon in dire times. They provided the citizens with financial relief when required. Thus, citizens should refrain from failing the upcoming Tax Deadline.