Find your way around the complicated 2023 Stimulus Check and Economic Impact Payments with this post. Find out how to claim your Recovery Rebate Credits payments, check the status of your refund, and see if you’re qualified for upcoming stimulus payments. Also, stay up to date on the latest IRS rules and updates.
The Internal Revenue Service (IRS) previously released three stimulus checks, utilizing the CARES Act in 2020 and the American Rescue Plan in 2021 to distribute Economic Impact Payments. Individuals who have not received these payments may be eligible to claim them via 2020 and 2021 tax refunds.
Stimulus Check 2023: Background
During the COVID-19 pandemic, the US Government dispatched the first two stimulus checks in 2020 and a third in 2021, reaching over 90% of taxpayers through direct deposit and mail. Those yet to receive these payments can seek the Recovery Rebate Credit for either or both 2020 and 2021.
Eligibility for the IRS Stimulus Check
Taxpayers from 2020 and 2021 who haven’t received any or all three stimulus checks may claim the Recovery Rebate Credit by e-filing their tax return for the relevant year(s). To claim, one needs details from the 2020 and 2021 tax years, a Social Security Number, refund amount, and other basic details. Before claiming, individuals should verify the amounts of their economic impact payments via their IRS online account under the Tax Record page.
Addressing Non-Receipt of Stimulus Checks
For those thousands who have not yet received the 2020 and 2021 Economic Impact Payments, claiming through the Recovery Rebate Credit is possible by filing a refund or amended return for the years 2020 and/or 2021.
Is a 4th Stimulus Check in the Horizon?
Although the IRS has not confirmed any updates regarding a fourth stimulus check, several US states are reportedly sending a fourth stimulus to their residents to combat inflation. To ascertain eligibility and inquire about receiving a 4th stimulus check, contacting your Department of Taxation or Finance and filing a State tax return with the necessary details is recommended.
Tracking Your Stimulus Check
The “Get My Payment” web tool, previously used to track stimulus check payments, is no longer available since all first, second, and third stimulus checks were disbursed in 2020 and 2021. Individuals who have not received their stimulus payments can claim the Recovery Rebate Credit by e-filing their 2020 and/or 2021 tax returns and subsequently utilize the “Where’s My Refund” tool to track its status.
How to E-File to Claim Stimulus Payments
Those who have not e-filed for the 2020 and/or 2021 tax return and have not received the corresponding Economic Impact Payments can use the IRS’s Free File to claim. This process requires taxation details from the relevant year(s) and basic details such as Social Security Number, filing status, and refund amount.
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