While Americans are waiting for Democrats and Republicans to resume talks over a relief bill that would include a second stimulus check, the deadline to register for the first round of direct payments was November 21. How can eligible individuals still receive their money?
Despite the millions of direct payments that were made, there have been people who, due to some mistake, or because the IRS could not locate them, or because their last tax return did not reflect their reality during 2020, did not receive the money that was due to them.
Here are five cases in which an individual could claim money corresponding to the first stimulus check with their 2020 tax return and get the money next year.
1. Claim $ 1,200 if you are no longer a minor dependent
If your parents claimed you as a dependent in 2019 when you were under 17 years old, they will no longer be able to do so in the tax year 2020. Therefore, you can file a 2020 tax return and receive a stimulus check of $ 1,200, even if your income is so low that you are not required to file a return.
2. Claim $ 1,200 if you are no longer a dependent adult
Let's say your adult children took care of you in 2019 and claimed you as a dependent on the tax return they filed for 2019. If they don't claim you as a dependent in 2020, you could receive a stimulus payment of $ 1,200 when you file your federal income tax return for that year.
3. Claim a missing difference in 2020
Stimulus checks are based on 2019 or 2018 adjusted gross income (AGI). So if you filed a tax return as a single individual and your 2019 AGI was $ 110,000 (too high to receive a stimulus payment), But in 2020 you lost your job and your AGI was less than the threshold of $ 75,000, you can claim the check when you file the 2020 tax return.
Also, if you received a partial payment based on your 2019 AGI and your income has decreased, you may receive additional money from the IRS.
4. Claim $ 500 if you had or adopted a child in 2020
Again, the IRS based the payments on the tax returns that taxpayers filed for 2018 or 2019 but the situation may have changed during 2020. If in 2019 you did not declare a dependent under 17 years old, but in the last year you had a child or you adopted a child, that minor qualifies for the $ 500. You can claim this on your 2020 tax return and receive the additional stimulus payment for each eligible child.
5. Claim $ 1,200 if you just forgot to do it in 2020
Let's say you are a 20-year-old college student, who did not file a tax return for 2028 or 2019, and you also did not find out that you can provide information through the Non-filers tool.
In this case, you can claim your $ 1,200 from the stimulus payment on your 2020 tax return.
The same applies to low-wage workers or homeless people who are not normally required to file a tax return.