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Issue Number:? ??IR-2023-217Inside This IssueIRS reminds eligible 2020 and 2021 non-filers to claim Recovery Rebate Credit before time runs out WASHINGTON ? The Internal Revenue Service is reminding those who may be entitled to the Recovery Rebate Credit to file a tax return and claim their money before it?s too late. The vast majority of those eligible for Economic Impact Payments related to Coronavirus tax relief have already received them or claimed them through the Recovery Rebate Credit. The deadlines to file a return and claim the 2020 and 2021 credits are May 17, 2024, and April 15, 2025, respectively. The Recovery Rebate Credit is a refundable credit for those who missed out on one or more Economic Impact Payments. Economic Impact Payments, also referred to as stimulus payments, were issued in 2020 and 2021. The IRS estimates that some individuals and families are still eligible for the payment(s). However, taxpayers must first file a tax return to make their claim even if they had little or no income from a job, business or other source. Who is eligible?
Generally, to claim the 2021 Recovery Rebate Credit, a person must:
The 2020 RRC can be claimed for someone who died in 2020. The 2020 RRC and 2021 RRC can be claimed for someone who died in 2021 or later. Filing deadlines if you haven?t yet filed a tax return
Get free help This is part of an ongoing IRS effort to encourage people who normally are not required to file to look into possible benefits available to them under the tax law. Every year, people can fail to file a tax return even when they may be entitled to tax credits and a refund. The IRS reminds taxpayers that there is no penalty for claiming a refund on a tax return filed after its due date. The fastest and easiest way to get a refund is to choose direct deposit. People can also use their IRS Online Account to see if they received any Economic Impact Payments and the total amounts. Any Recovery Rebate Credit received can?t be counted as income when determining the ability of someone to be eligible for federal benefits like Supplemental Security Income (SSI), Supplemental Nutrition Assistance Program (SNAP), Temporary Assistance for Needy Families (TANF) and the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC). Claiming the credit also has no effect on an individual?s immigration status or their ability to get a green card or immigration benefits. ? Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message. |
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