Tuesday, April 15, marks Tax Day in the United States – the day when individual income tax returns are due to be submitted to the federal government. But this year, Tax Day also marks another important deadline.
During the COVID-19 pandemic, the federal government approved several rounds of stimulus payments sent directly to Americans across the country to help navigate the financial uncertainty and economic stress the pandemic caused.
However, in order to receive the payment, citizens had to have submitted a 2021 tax return, even if they were not required to file federal income taxes but still qualified for the payment. As a result, some of these payments have gone unclaimed by individuals who did not file their 2021 taxes. And the deadline for those people to receive their checks is fast approaching.
Those who qualify for the $1,400 stimulus check and have not yet received it have until April 15, 2025, to file their 2021 federal income taxes to receive the payment. If the payment is not claimed by April 15, 2025, it will be totally forfeited.
Those seeking the unreceived stimulus payment must file for 2021 taxes, which means they will need their W-2 and other employment and income forms from the 2021 tax year.
As long as the 2021 federal income taxes are filed by the April 15 deadline, the money will be sent either by paper check, or it will be deposited using the banking information that taxpayers used on their 2024 tax returns.
Anyone who does not file their 2021 taxes by the deadline will forfeit the stimulus money, and it will be returned to the United States Treasury.
from Men's Journal https://ift.tt/OXtQF6Z
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