Still no $1,200 stimulus check? Final Nov. 21 deadline to get your money this year is approaching
- With the CARES Act, Congress authorized the deployment of millions of $1,200 stimulus checks this spring.
- But some people still have not received the money because the IRS does not have their information.
- In order to get their money this year, the IRS is urging those who were excluded to submit their information by Nov. 21.
If you still haven't received your $1,200 stimulus check, you may be in luck.
There's one last deadline to submit your information to the government in order to get your payment this year.
But you have to act before 3 p.m. this Saturday, Nov. 21.
If you miss that cutoff, you may still be eligible to receive a tax credit when you file your taxes in 2021.
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As a result of the CARES Act, the government began sending about 160 million stimulus payments this spring of up to $1,200 per individual or $2,400 per married couple, plus $500 per child under 17. Families had to be below certain income thresholds to qualify.
The payments were disbursed based on data the IRS culled from 2018 or 2019 tax returns, whichever was most recent. People who did not have their information on record because they don't typically file tax returns because their income is too low may have been left out. Others may have received checks that excluded their spouse or eligible dependents.
The IRS is encouraging people in those situations to use the non-filer tool on its website before the Nov. 21 cut off.
Individuals should not use the tool if they have already submitted their information, previously filed tax returns or qualify for tax benefits like the earned income tax credit or child tax credit.
The government plans to continue to issue outstanding payments through the rest of 2020. Those who are waiting on a payment can check on its status via theGet My Payment application.
Those who did not receive a payment, or who received less than they were due, may be able to claim the recovery rebate credit on their taxes next year, according to the IRS. Those who wish to claim the credit should use Form 1040 or Form 1040-SR when filing next year.
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