{"id":110944,"date":"2021-01-31T15:49:05","date_gmt":"2021-01-31T15:49:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=110944"},"modified":"2021-01-31T15:49:05","modified_gmt":"2021-01-31T15:49:05","slug":"here-is-what-to-do-if-your-stimulus-check-is-less-than-you-expected-or-never-arrived","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/world-news\/here-is-what-to-do-if-your-stimulus-check-is-less-than-you-expected-or-never-arrived\/","title":{"rendered":"Here is what to do if your stimulus check is less than you expected or never arrived"},"content":{"rendered":"<p>IF you did not receive a stimulus check by the January 15 IRS deadline, or received the wrong amount, there are steps you can take to get your money.<\/p>\n<p>The IRS set a deadline in mid-January in an effort to get money out to Americans in need quickly as the country continues to grapple with the Covid pandemic.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.the-sun.com\/wp-content\/uploads\/sites\/6\/2021\/01\/NINTCHDBPICT000618452755-8.jpg\"><\/p>\n<p>However, not everyone has received the right amount of money on time.<\/p>\n<p>Individuals who made less than $75,000 in 2019 and married couples who made less than $150,000 qualify for the full $600 &#8211; as they did for the full $1,200 when the first round of stimulus payments went out in the spring of 2020.<\/p>\n<p>Couples with children under 17 may also qualify for an additional $600 per dependent.<\/p>\n<p>If you have not received your check or received the wrong amount, there will be an option to submit for the money on your 2020 tax return.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.the-sun.com\/wp-content\/uploads\/sites\/6\/2021\/01\/NINTCHDBPICT000622532181-4.jpg\"><\/p>\n<p>There will be something called a Rebate Recovery Credit form that those who have not received the correct payment will need to fill out.<\/p>\n<p>To check if the IRS has sent a payment, and it has just not arrived yet, the IRS offers a Get My Payment tool on their website.<\/p>\n<p>If that tool says a payment is not on the way, the Rebate Recovery Credit will need to be claimed when filing your 2020 taxes.<\/p>\n<p>On the 1040 Tax Form, a line 30 has been added where qualifying Americans will be able to report that they were underpaid on either stimulus check.<\/p>\n<p>So, if you believe you received the wrong amount &#8211; or wrongly didn&#x27;t get a check in the spring or at the end of 2020 &#8211; you&#x27;ll need to report that using the form. <\/p>\n<p>If using a tax service like TurboTax, make sure you check the stimulus amounts you received to see if you qualify for the Rebate Recovery Credit.<\/p>\n<p>New parents may also be able to claim money for their newborns using this credit, according to CBS 8. <\/p>\n<ul>\n<li><\/li>\n<li><\/li>\n<\/ul>\n<p>Source: <a href=\"https:\/\/www.thesun.co.uk\/news\/13903503\/what-to-do-missing-stimulus-check-taxes\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IF you did not receive a stimulus<\/p>\n","protected":false},"author":3,"featured_media":110943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23056],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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