The third stimulus payment that Congress approved in 2021 may still be available to some Americans. Despite the fact that the IRS has already distributed all of the third-round Economic Impact Payments (EIPs), some individuals might have missed the final payment or got less than they were entitled to. They can still claim the third stimulus check 2023 in these circumstances by included a 2021 Recovery Rebate Credit on their 2021 federal tax return.
Claim Your Third Stimulus Check 2023
During the COVID-19 pandemic, Congress issued three stimulus cheques, including the $1,400 third-round payment, to aid families. You may still be eligible for the payment if you were eligible for the third stimulus check 2023 but haven’t gotten it yet or if you received less than you were entitled to.
According to a study from the Treasury Department from last year, 644,705 or so persons were left out of the third stimulus check 2023. There is still time for individuals who haven’t yet claimed the money, even though many people will have done so since then.
You must submit a 2021 Recovery Rebate Credit with your 2021 federal tax return in order to collect the third stimulus check 2023. The American Rescue Plan Act gave approval for the third stimulus check 2023. Individuals who qualify may receive $1,400, while married couples filing jointly may earn up to $2,800.
If they match the qualifications, those who weren’t previously eligible for the third payment may also apply for the third stimulus check 2023. In the event that you terminated your work in 2021 but your income for the 2020 and 2019 tax years was higher than the threshold income for the third payment.
Your income significantly decreased as a result, making you eligible for the third stimulus check 2023 payment in 2021. Therefore, you are now eligible to receive the Recovery Rebate Tax Credit. Families who expanded their household in 2021 might also be eligible for the credit – stimulus check 2023.