For many months now, the IRS has been making enormous efforts to locate millions of people who are eligible for the direct payment provided by the CARES Act, but for whom it does not have enough information. Why is this Saturday the deadline to register and claim payment?
Although the vast majority of Americans have already received their stimulus check there are some people who can still receive the money this year if they act fast.
November 21 is the final deadline for Americans who are owed their $1200 stimulus check to claim the money and receive it this year.
Why the November 21 cutoff? “Any further extension beyond November would adversely impact our work on the 2020 and 2021 filing seasons,” said IRS Commissioner Chuck Rettig, according to Forbes.
This deadline applies to qualifying beneficiaries who, due to low or no income, did not file taxes in the last two years and for whom the IRS has no mailing address, and includes homeless people. The agency has asked the general public to help spread the word to reach these eligible individuals.
In the last weeks, the agency has especially urged any eligible self-supporting college student who isn’t requested to file a tax return, and Social Security, Railroad Retirement, and Department of Veteran Affairs benefit recipients who already received a $1,200 payment but didn’t register their spouse or a qualifying child, to also claim the payment.
These people must all enter their personal information in the IRS online “Non-filers” tool, which will be taken down after the November 21 deadline.
If these individuals do not claim their check before November 21 they will have to wait until 2021 to collect the money.