The IRS continues to work hard to reach individuals eligible for Economic Impact Payments. According to IRS records, 9 million non-filers are yet to receive the payment.
Individuals that are generally do not require to file tax return due to low income for either 2018 or 2019, will receive letters from the IRS urging qualifying recipients to visit the special tool on IRS.gov before the Tax deadline of October 15th to register for an economic Impact payment.
These letters are the IRS final attempt to notify eligible individuals of their last chance to register to receive payments of $1,200.00 for individual and $2400.00 for married file jointly, with $500 per qualifying child.
The IRS will begin to send out the letters officially known as IRS Notice 1444-A written in English and Spanish this month.
What do you need to claim your payment?
- You must be a U.S. citizen or resident alien.
- You must have a work-eligible Social Security number.
- You cannot be claimed as a dependent on someone else’s tax return.
What should you do to claim your Economic Impact Payment?
If you require to file your tax return and have not filed your 2018 or 2019 returns, you must file before October 15th, 2020 and not to use the Non-filers tool. Equally, taxpayers can wait until 2021 and claim a recovery rebate credit on the 2020 tax return.
If you were not required to file either 2018 or 2019 federal income tax return, the best and fastest way to claim your EIP is to visit IRS.gov/eip by October 15, and click “Non-Filers: Enter Payment Info Here.” Over 7 million people have already successfully used this tool.
According to the IRS, people can qualify for a payment, even if they do not work or have no earned income. However, Low- and moderate-income workers or families eligible to receive tax incentives such as Earn income tax credit or child tax credit cannot use this tool. These taxpayers are required to file a normal tax return.
The IRS urge Non-filer users to choose direct deposit for a fast and safe method of payment delivery. If the direct deposit option is not chosen, the payment will be delivered as a check. For more information, including about eligibility, visit IRS.gov/eip and click “Economic Impact Payments Information Center,” or call Intrinsic DM², Inc. at 630-514-4985.