Urgent $1,400 ‘fourth stimulus check’ deadline as IRS says MONTH left to apply – Community News
Stimulus Check

Urgent $1,400 ‘fourth stimulus check’ deadline as IRS says MONTH left to apply

There’s only one month left to sign up for ‘plus-up’ incentive checks worth up to $1,400.

The final round of IRS stimulus checks will expire on December 31, 2021, the last day of the year.

The deadline to apply for the final round of IRS stimulus checks is approaching

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The deadline to apply for the final round of IRS stimulus checks is approachingCredit: Getty

Payments will be sent weekly to those eligible until the deadline set by Congress.

Adults whose incomes have fallen during the pandemic are eligible, and some dependents are also eligible.

Plus-up payments are additional incentive checks that are sent to those who have received an incentive check based on their 2019 tax return or received information from the Social Security Administration.

Some taxpayers with income that was lower in 2020 than in 2019 are also eligible.

Cassandra Kirby, a senior executive at wealth advisor Braun-Bostich & Associates in Pittsburgh, said, “Let’s say a married couple with one child had an adjusted gross income of $165,000 in 2019, and because their income was over $160,000 , they are not eligible for any portion of the third payment.

“However, in 2020 they had another child and their adjusted gross income fell from $165,000 to $155,000.”

That’s because they would fall within the $150,000 to $160,000 threshold with an additional dependent and qualify for $2,800 in incentive money.

The same goes for anyone who claimed an elderly or disabled person from the tax authorities in 2020.

Read our stimulus checks live blog for the latest updates on Covid-19 aid…

This includes elderly or disabled relatives or students who are in the care of individuals.

This is now the ninth set of payments since the March 2021 stimulus checks approved by Congress.

You can claim your payment by filing a federal tax return.

Payments will be sent separately from your 2020 tax refund and are typically made within two weeks of your tax return being processed, according to Macra.

The total number of payments sent to Americans is about 165 million, or $388 billion, according to CBS News.

About 500,000 of those payments were made through direct deposit, the rest through checks.

The payments are intended to help those whose incomes fell during the 2020 coronavirus pandemic

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The payments are intended to help those whose incomes fell during the 2020 coronavirus pandemicCredit: Getty

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