A number of people in the United States are set to receive a plus-up stimulus check worth as much as 1,400 dollars before the New Year.
However, the deadline to register for the plus-up payment is December 31, 2021, and so you must act quickly in order to be able to receive it.
What are plus-up payments?
Plus-up payments are additional stimulus checks that are sent out to people who sent a stimulus check based on their 2019 tax return.
When stimulus checks were introduced at the beginning of the COVID-19 pandemic, they were given out based on the most recent tax return on file.
The second round of stimulus checks were issued in March 2021 at a time when many people had not yet filed their 2020 taxes, which meant that their check was based on their 2019 return.
However, a number of Americans saw their income decrease between 2019 and 2020 as a result of the pandemic.
Therefore, some people may have received a lower amount than they were entitled to due to the fact that the amount was based on an outdated tax return.
Do I qualify for a plus-up payment?
If you are a taxpayer in the USA and your income was lower in 2020 than it was in 2019, then you are entitled to receive a plus-up payment.
In addition, this directly applies to anyone who claimed to be an elderly on disabled dependent as they handed in their taxes in 2020, and also elder or disabled relatives or college students who are under the care of individuals.
The deadline to submit your 2020 tax return is December 31, 2021, therefore it is better to act sooner rather than later.
What happens next?
Once you have filed your 2020 tax return, the IRS will evaluate whether you are eligible to receive the plus-up payment by analysing the difference between your income in 2019 and your income in 2020.
You can also keep up to date with the status of your plus-up payment by checking the IRS 'Get My Payment' tool.
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December 11, 2021 at 04:20PM
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Plus-Up payment tracker: Just a month left to claim $1,400 payment - MARCA.com
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