Landscapeinsight- The IRS has made it clear that you can still claim up to $2,400 in stimulus funds in 2024, even though the window to do so for 2023 has passed. Eligible people must file their 2024 tax return to get these possible boost checks.

Tax Filing Deadline Extension

The IRS makes it clear that the whole process can be done online or by mail so that everyone can do it. People who haven’t turned in their 2020 tax returns yet can still get the COVID stimulus payment before April 15, which is the date for the Recovery Rebate Credit.

2024 Stimulus Checks

People who meet the standards have until April 15, 2025, to file their taxes. People should look at their tax records right away because by May 17, 2024, they might be able to get a tax return.

To be qualified for the Recovery Rebate Credit, a person must be a US citizen, have a green card, or be a qualifying noncitizen resident with a valid Social Security number.

Read More: Big Changes Ahead: Social Security Benefit Deductions Slashed to 10%

IRS Recommendation for Direct Deposit

They also can’t be claimed as a child by another taxpayer. It is also possible to apply for the credit on behalf of someone who has died and died in 2020 or later. The IRS recommends using direct deposit to speed up payments.

Two more programs help people get free tax services: Tax Counseling for the Elderly and Volunteer Income Tax Assistance. But it’s important to know that the American Rescue Plan Act doesn’t cover illegal people who don’t have a Social Security number.

They can’t get Emergency Income Payments. This exclusion shows widespread racial inequality and makes it harder for undocumented people to get help.

To sum up, eligible taxpayers must stay up to date on deadlines and eligibility requirements to make sure they get the help they are due to, even if the federal government is still giving out Economic Impact Payments (EIPs) as part of COVID-19 relief efforts.

Reference Article

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