- **Q: Is the IRS sending out new $1,400 checks in 2024 or 2025?
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Finance / Taxes
While widespread government stimulus payments ended some time ago, there's still a chance for eligible individuals to claim the $1,400 payment authorized in 2021. This isn't a new check, but rather the third Economic Impact Payment (EIP3) w...
### Understanding the $1,400 Payment
The $1,400 stimulus payment was the third round of Economic Impact Payments (EIP3) distributed starting in March 2021. Unlike the first two rounds, this payment was an advance payment of the 2021 Recovery Rebate Credit. If you didn't receive the EIP3, or received less than the full amount you were eligible for, you can claim the remaining amount by filing a 2021 tax return (Form 1040 or 1040-SR).
### Who Might Be Eligible?
You might still be owed this money if: * You didn't file a tax return for 2021 but were otherwise eligible. * You had a child or added a new dependent in 2021 whom the IRS wasn't aware of when calculating your EIP3. * Your income decreased significantly in 2021 compared to 2020 (the year often used for initial eligibility checks). * You experienced other changes in eligibility factors (like filing status).
### The Deadline is Approaching
The IRS generally allows three years from the original tax filing deadline to claim a refund, which includes the Recovery Rebate Credit. For the 2021 tax year (which impacts the $1,400 EIP3), the filing deadline was in April 2022. This means the deadline to file or amend your 2021 return to claim the credit is **April 2025**. The specific date mentioned in sources like CNBC is April 9, 2025. It's crucial to act before this date.
### How to Claim the Credit
1. **Determine Eligibility:** Review the eligibility requirements for the 2021 Recovery Rebate Credit on the official IRS website. You'll need your 2021 income and dependent information. 2. **File or Amend:** If you haven't filed a 2021 tax return, you must file one to claim the credit. If you filed but didn't claim the credit or the correct amount, you may need to file an amended return (Form 1040-X). 3. **Use IRS Resources:** The IRS website offers free filing options and detailed instructions. Check IRS documentation like Notice 1444-C and Letter 6475 which documented the EIP3 payments sent to you.
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