Who May Still Be Eligible For $1,400 Stimulus Checks With Their 2021 Tax Returns

Taxpayers who were expecting a $1,400 stimulus check or plus-up payment in 2021 will be disappointed to learn that the IRS has announced it will no longer be issuing such payments.

Still, after filing their returns this year, some people may find they are qualified for those checks or other financial aid. It was reported in the middle of September by the Treasury Department that 644,705 people had not yet received their third stimulus payment. It’s possible that many of them have already received their payments. The number of outstanding payments is unknown.

The Internal Revenue Service (IRS) has released updated information on the Recovery Rebate Credit that taxpayers may file for in 2018 to recoup any remaining funds from those one-time payments.

The American Rescue Plan Act authorized the third installment of stimulus funding.

Who Was Eligible To Get A Third Stimulus Check?

The maximum amount an individual can receive from the third round of stimulus checks is $1,400. If both spouses file taxes together, the maximum refund is $2,800. Additionally, dependents who qualify for the benefit could receive $1,400. You needed to be a citizen or permanent resident of the United States as of 2020 to be eligible. A valid Social Security number was also required, with some exceptions made for spouses and dependents.

1400 stimulus check
1400 stimulus check

If you want to receive your own payment, you also couldn’t have been someone else’s dependent on a tax return for the year 2020. To receive the full payment, your adjusted gross income must fall below the following levels: $75,000 for singles, $112,500 for those in charge of their own households, or $150,000 for those in couples. A person with an adjusted gross income of $80,000, a person with a head of household income of $120,000, and a married couple with an adjusted gross income of $160,000 would have their payments reduced gradually to zero.

Who Might Still Be Eligible?

Some individuals, depending on their current and previous financial situations, may be eligible to receive the full $1,400 payment, while others may receive additional partial payments.

In 2021, parents who expanded their families might have been eligible for a payment of $1,400. Families who took in a new relative in 2021—whether a parent, niece, nephew or grandchild—may also be eligible for the additional $1,400.

In addition, those whose incomes have dropped may be eligible if their adjusted gross incomes in 2021 are below the thresholds for full payments. Incomes within the phase-out range may still qualify them for reduced benefits. Those who don’t file tax returns annually are encouraged to do so this year so they can be eligible for refunds.

If you qualify for the Recovery Rebate Credit, it will be applied to the federal taxes you owe or included in the federal tax refund you receive.

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