If you haven’t received your Stimulus Check because you haven’t filed a tax return, you have until November 21st to claim your payment. This only takes a few minutes and can put an additional $ 1,200 or more in your pocket.
The IRS has a feature on their website that allows you to register for your coronavirus relief exam if you don’t need to file a tax return. The non-filers enter the payment information here. This feature was posted on the IRS website in April.
The free feature allows you to receive your stimulus payment without filing a tax return by providing:
- Postal address and email address
- Date of birth
- Social security number
- Bank account number and sort code, if available
- Identity Protection PIN, if you received one from the IRS earlier this year. (An IP PIN is a six-digit number that the IRS will assign victims of identity theft whose account issues have been resolved.)
- Driver’s license or state ID number if you have one
You will also need to provide the name of each child you are claiming to be dependent, the social security number or identification number of the adoption taxpayer, and the relationship with you and your spouse.
If you were receiving social security, SSI, SSDI, veteran or railroad pension benefits but did not receive them $ 500 for a child under the age of 17You must also register by November 21st to receive payment.
Who Should Use the Coronavirus Payment Non-Filers Tool?
You can use the tool if you haven’t received a stimulus check and don’t need to file a tax return because your gross income for 2019 was less than $ 12,200 if you are single or $ 24,400 if you are married. If you have already filed a tax return for 2018 or 2019 or are planning to do so, you should NOT use this feature.
When should you file a tax return?
Using the non-filer feature is probably a safe bet if you didn’t make any income in 2018 or 2019. However, if you have had an income, consider using a Free tax return program to determine if you are eligible for tax credits first. You can prepare a draft for a return and then use the non-filer feature if you don’t find one that you qualify for.
One loan you may have overlooked is this Earned Income Tax Credit. As of December 2019, approximately 25 million low- and middle-income Americans qualified for the loan. that was an average of $ 2,459. But about 21% of them missed this free money because they never claimed the loan.
Whether you are using the non-filer tool or filing a tax return, it is important that you do so quickly in order to receive your payment – and that you provide your bank account details.
Robin Hartill is a certified financial planner and senior editor at The Penny Hoarder. She writes the Dear Penny personal finance advisory column. Send your tricky money questions to [email protected]
This article originally appeared on www.thepennyhoarder.com