{"id":11287,"date":"2022-02-09T07:46:07","date_gmt":"2022-02-09T07:46:07","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/09\/stimulus-check-news-what-to-do-if-you-miss-a-payment\/"},"modified":"2022-02-09T07:46:07","modified_gmt":"2022-02-09T07:46:07","slug":"stimulus-check-news-what-to-do-if-you-miss-a-payment","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/09\/stimulus-check-news-what-to-do-if-you-miss-a-payment\/","title":{"rendered":"Stimulus Check News: What To Do If You Miss A Payment?"},"content":{"rendered":"

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There are several reasons why you might miss out on stimulus checks<\/a> in 2022.<\/span><\/p>\n

Following the outbreak of the coronavirus pandemic, both Trump and Biden\u2019s administrations organized stimulus checks, officially called Economic Impact Payments. Three different stimulus checks were sent out to low- and medium-income families, with a check of $1,200 in April 2020, one of $600 in December 2020, and one of $1,400 in March 2021.<\/span><\/p>\n

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However, some people haven\u2019t yet claimed the full amount of stimulus money that they were entitled to. It isn\u2019t too late, though, as these people might still be able to backdate their stimulus checks.<\/span><\/p>\n

\u201cPeople who are missing a stimulus payment or got less than the full amount may be eligible to claim a Recovery Rebate Credit on their 2020 or 2021 federal tax return,\u201d the Internal Revenue Service (IRS) explains.<\/span><\/p>\n

Stimulus Check Update: Recovery Rebate Credit<\/b><\/span><\/h2>\n

There is a detailed section on the IRS website that details how the Recovery Rebate Credit process works.<\/span><\/p>\n

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\u201cIf you didn\u2019t qualify for a third Economic Impact Payment or got less than the full amount, you may be eligible to claim the 2021 Recovery Rebate Credit when you file your 2021 tax return,\u201d the IRS explains.<\/span><\/p>\n

\u201cYou must file a return to claim the credit,<\/a> even if you don\u2019t usually file a tax return. The credit is based on your 2021 tax year information, so any third Economic Impact Payments you received will reduce the amount of the credit you\u2019re eligible for. Your 2021 Recovery Rebate Credit will reduce any tax you owe for 2021 or be included in your tax refund. You will need the total amount of your third Economic Impact payment and any plus-up payments to claim the 2021 Recovery Rebate Credit.\u201d<\/span><\/p>\n<\/div>\n