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That means the IRS might owe you more money even if you already got a stimulus check.

Since the third stimulus checks began arriving in the middle of tax season, the end result is that some people's payments were calculated based on information the IRS had from last year, not from this year. This is the kind of information the IRS largely gets from your tax return, or from other sources of information if you don't typically file taxes. The amount of money you got in your stimulus checks depends on a multitude of factors, including how much money you made for the year (this is your adjusted gross income), how many eligible kids you had and so on. Stimulus and plus-up payments are still being issued The IRS is also issuing unemployment tax refunds to millions of people who received jobless benefits last year, though payments are taking longer than expected.
#STIMULUS CHECK ENVELOPE 2021 HOW TO#
We can tell you how to know if you qualify and how much money you could expect over the course of the year.

In the meantime, many experts say a fourth stimulus check is unlikely, but millions of families will be getting a good chunk of money with July's first child tax credit payment. So if you're still waiting for your stimulus check up to $1,400 - or think you might be due a plus-up payment - we'll tell you what to do next. The IRS sent money first to people who'd already filed their 2019 or 2020 tax returns because those were the easiest to verify. Some of that money includes "plus-up" adjustments for people who received less money than they were supposed to get in earlier checks.Įven though many of us got our stimulus money in the earlier batches in spring, some have had to wait weeks or months for their checks. The tax agency continues to send weekly batches of the third stimulus checks, with more than $6 billion in stimulus payments going out just in June. Don't think that the child tax credit payments going out in just over two weeks are all the IRS is focused on.
