10 Million Americans Still Qualify For Stimulus Cheques: There are still 10 million people who are qualified to receive compensation under the stimulus package; however, they only have one month left to submit their claims. According to a new assessment published by the government, there may still be as many as 10 million people who haven’t claimed their money despite the fact that the government sent three rounds of stimulus checks during the pandemic to help millions of Americans weather the catastrophe.
According to a report released by the Government Accountability Office on Tuesday, about 165 million citizens of the United States were qualified to receive one of the stimulus checks, which had a combined value of $931 billion in direct payments.
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The Internal Revenue Service (IRS) depended on tax returns to evaluate eligibility and send payments to individuals and families. For the purpose of mailing checks, the IRS relied on information from bank accounts or residential addresses.
But millions of people in the United States, including some adults with extremely modest incomes and some seniors who only receive Social Security benefits, are exempt from having to submit tax returns. Because of this, it was difficult for the IRS to contact them when it was distributing stimulus checks, and as a result, it is possible that some or all of their payments were not distributed to them, according to the GAO.
“Throughout the epidemic, IRS and Treasury struggled to get COVID-relief payments into the hands of some people,” the Government Accountability Office (GAO) noted in the study. “This was especially true for those with lower incomes, limited internet access, or who were facing homelessness.”
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The Internal Revenue Service (IRS) announced on Thursday that it will send letters to more than 9 million families who are potentially eligible for benefits such as stimulus payments or Child Tax Credits but did not claim them by filing a tax return in 2021. These benefits include tax credits for children and stimulus payments. It was mentioned that it will keep the Free File program available till November 17 this year.
People with incomes of $73,000 or less are eligible to use Free File, which enables them to file their tax returns online for free using third-party tax preparers like TaxAct and 1040Now.
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