Are you waiting for another round of a stimulus check?
I’ve got some news for you.
There are still some coronavirus checks that can help you. They’re like an additional payment that you can get after meeting your tax deadline. (If you haven’t already filed your taxes).
The IRS has extended the deadline for submitting taxes to October 15. Since pushing back the deadline, the government has been sending multiple reminders to Americans about filing their taxes.
Earlier, this deadline to file your tax was April 15. Now with additional time remaining, the government has been urging Americans to file their taxes since extending the filing date to October 15.
If you do not file your taxes by that time, you risk losing all of the stimulus cash you’ve received to date. And in any case, you fail to submit your tax return on time, the government may demand back the stimulus money.
For instance, you need to file your taxes on time or else you might not be able to get your hands on benefits like the expanded credit for children.
If you’ve missed their first two stimulus checks or got less than what you expected, it is super important for you to file for the 2020 taxes. And if you’re eligible to receive this payment, you can receive it right into your account.
For people who do not usually file taxes, they can use the Child Tax Credit Non-filer Sign-up Tool to provide information to the IRS.
There are different ways to file your taxes. One way is to do it electronically. This is the safest and fastest way because you can get your refund right away without waiting for the mail.
Also, those who haven’t already done so may now file their taxes and use the option to arrange their tax payments up to October 15.
Furthermore, individuals earning less than $72,000 can use IRS’s free filing service. Payments can be made using Direct Pay as well as a credit or debit card.
Many people have been given an extension to file their taxes. Military officials, individuals serving in a combat zone, and people living in disaster regions were the most common beneficiaries.
People can go online to their tax account to see important information. The account shows them their adjusted gross income (AGI), the Economic Impact Payment amounts, and estimated tax payment amounts.
Other information available includes payment history, the amount owed in past years, notices from the IRS, and more.
The IRS says that if you are due a refund, the government will not take away your money for filing late. But it is possible to lose your refund if you wait too long to file.