![]() Related: Can Americans Expect Stimulus Checks in 2022? Experts Weigh InĮligibility for the payments include dU.S. “We are sending plus-up payments to eligible taxpayers every week until the legislative deadline of December 31, 2021,” the IRS said. They are normally issued within 2 weeks from the time the 2020 tax return is processed. ![]() Plus-up payments are sent separately from 2020 tax refunds and previous Economic Impact Payments. “You do not need to take any action other than file a 2020 tax return as soon as possible to give the IRS time to process a plus-up payment before the end of 2021 if you are eligible,” the IRS stated on its website. For example, you may get a plus-up payment if your income was less in 2020 compared to 2019, or you added a dependent on your 2020 return, according to the IRS. Plus-up payments are additional payments the Internal Revenue Service (IRS) is sending to those who received a third Economic Impact Payment based on a 2019 tax return or information received from the Social Security Administration or Veterans Administration. ![]() 31.Ĭhild Tax Credit and Stimulus 2021 Recipients: Be on the Lookout for IRS Letter With Tax Filing InfoĬhild Tax Credit: You Could Get a Double Payment in February - Here’s Why The deadline to see if you qualify is Dec. Time is running out to determine if you are eligible for the so-called “plus-up” stimulus payments on your 2021 taxes - part of the Economic Impact Payments authorized by the American Rescue Plan Act of 2021.
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