Last November 21 deadline to get money this year – Community News
Stimulus Check

Last November 21 deadline to get money this year

If you still haven’t received your $1,200 stimulus check, you may be in luck.

There is one last deadline to submit your details to the government to receive your payment this year.

But you need to trade before 3pm this Saturday, November 21.

If you miss that close, you may still qualify for a tax credit when you file your tax return in 2021.

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As a result of the CARES Act, the government began sending about 160 million incentive payments this spring of up to $1,200 per person or $2,400 per married couple, plus $500 per child under 17. Families had to stay below certain income thresholds to qualify.

The payments were made based on data collected by the IRS from 2018 or 2019 tax returns, whichever was more recent. People who didn’t have their details to hand because they usually don’t file tax returns because their income is too low may have been left out. Others may have received checks excluding their spouse or eligible dependents.

The IRS encourages people in those situations to use the no-filer tool on its website before the Nov. 21 close.

Individuals are not allowed to use the tool if they have already submitted their information, have previously filed tax returns, or are eligible for tax benefits such as the income tax credit or the child tax credit.

The government plans to continue making outstanding payments for the remainder of 2020. Those waiting for a payment can check its status via the Get My Payment application.

Those who haven’t received payment, or who have received less than they owed, can claim the chargeback credit on their taxes next year, according to the IRS. Those wishing to claim the credit must use Form 1040 or Form 1040-SR when filing next year.

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