![]() ![]() Here’s a look at what the IRS wants taxpayers to know about both programs: Economic impact payments These include both the popular economic impact payments as well as the advance child tax credits, according to the agency. ![]() The third and final round of federal stimulus checks began going out in March, but some people who were eligible for one didn’t get anything or received less than the full $1,400. They may qualify for the recovery rebate credit, so long as their 2021 tax information falls under the guidelines of those who were entitled to the federal government’s COVID-19 relief program, according to an IRS news release.Īnyone who believes they’re eligible for the credit will first need to file a tax return for 2021, regardless of whether they typically file one. Stimulus check update: A fourth payment would be critical for many, study says They’ll also have to report how much they received for the third stimulus check - including any plus-up payments - in order to figure out how much more they are owed. “Ensuring they use the correct payment amounts will help them avoid a processing delay that may slow their refund,” the IRS says. Individuals can access information regarding their economic impact payment amounts here. (Note: The IRS information only impacts federal stimulus checks, and not ones that were sent out by states like California.) Child tax credit payments More information about the recovery rebate credit can also be found here. ![]()
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