Three years have passed since the World Health Organization declared the Covid-19 virus was no longer a public health emergency of worldwide concern; but, does this mean US governmental assistance is now over?
The response is no. As long as citizens and residents file a 2021 tax return by no later than April 18, 2025, they can still claim the third and last Covid-19stimulus check from the United States.
Should you be identified as a dependent on another person’s 2020 tax return but this changes by 2021, you may be eligible to receive the stimulus payment on the filed tax return provided other eligibility criteria are satisfied.
Furthermore, should you overlook your first and second stimulus checks, the money might not be permanently lost. They can be reclaimed as a tax credit and under the Recovery Rebate Credit, a tax refund.
While the IRS Free File is offered to those earning $73000 or below to help prepare federal income taxes online for free, software like MyFreeTaxes or TurboTax can be utilized to help ascertain eligibility.
What qualifies one for the third stimulus check?
Though with some important variances to make sure you are still qualified for the benefit, the income criteria for the third stimulus check are generally the same as those of the first and second stimulus.
Before you file, here is a recap of the criteria set by President Joe Biden’s government.
Although there is no minimum income criteria to qualify for the help, only households with an adjusted gross income in 2020 of up to $80000 (individual) or $160,000 (married joint-filed); or $120,000 for the head of the family can qualify.
The third stimulus check is available to each family member having a Social Security number or dependant. Those just having an Individual Taxpayer Identification Number (ITIN) cannot thus claim.
The dependency criterion has not altered between the first and the second stimulus checks meaning that you cannot be claimed as someone else’s dependent to claim the check for yourself.
Claiming dependents for an extra $1,400 if fine as long as they have an SSN or ATIN and are also a qualified alien resident, permanent resident, or United States citizen.