The deadline for you to claim your third stimulus check that you are missing is October 17. So you have to act sooner or there will be no way for you to get this money back
Although it seems that most of the people eligible to receive the third stimulus check, granted by the administration of President Joe Biden, have already reached their beneficiaries, there are people who still do not have it, and who due to some issue or problem along the way They still don’t ask for it. These people have their last chance to have it in their pockets, but they must request it before October 17.
And it is that this is the deadline to file the income taxes of the 2021 income and therefore, the Recovery Refund Credit, through which the missing stimulus check must be requested or, if applicable, if it is that they gave you less than the amount you were eligible for. According to government estimates, there are about 10 million people who have not yet filed their tax returns and could claim the payments.
This date is for those who have requested a tax extension. The Internal Revenue Service (IRS) grants it automatically, but makes it clear that the tax debts should have been paid since April 18. This extension is only to send the forms and the respective documentation, which includes the 1040 form, where the Recovery Reimbursement Credit is requested.
“Reasons for a large number of extended returns include Covid-19 trade credits and adjustments, constant changes in tax law in recent years, and simply needing more time to organize the required documentation,” he told The World Report U.S. News, Crystal Nickson, Certified Finance and Finance Consultant.
The most advisable, with less than a week to reach the deadline, is to file your tax return electronically, if you send it by mail, it will take weeks to reach the Internal Revenue Service, which means that it will also pass more time for you to receive your tax refund. And with time so tight, it won’t arrive before October 17. Those who are not required to file a tax return have until November 15 to apply for the stimulus money.
“In some circumstances, the IRS allows another extension to victims of widespread natural disasters, some members of the armed forces and taxpayers living outside the US. Victims of Hurricane Ian in Florida,” Levon L. added to the American newspaper. Galstyan, a certified public accountant with the Oak View Law Group in California.
If you do not file your taxes, the IRS will impose a fine on you, and will also charge you interest for each period that you are late in covering your debt. This fee is equal to 5% of your unpaid taxes for each month, or part of a month, that the return is late, up to 25% of the amount due. The penalty for non-payment can reach a maximum rate of 5% per month up to 25% of the amount due.
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