Not sure if you’re owed stimulus payments? How to find out

THERE’S a simple way to find out if you’re owed a stimulus payment.

This would apply to the latest round of stimulus checks worth up to $1,400.

Qualifying Americans get the maximum payment as long as their income is $75,000 and below, or $150,000 for couples.

Past those thresholds, the $1,400 check starts to phase out and it’s then capped out at $80,000 and $160,000 respectively.

As of December 2021, the Internal Revenue Service (IRS) had issued more than 175million third-round stimulus checks.

A report published in March by the Treasury Inspector General for Tax Administration found that more than 645,000 were missing out on stimulus payments, as of mid-September.

This includes the following, along with the number of people in each group who failed to get their payments:

• Those with an Individual Taxpayer Identification Number (ITIN) who have a qualifying dependent – affecting 419,822 individuals
• Unemployment benefit exclusion eligibles – affecting 133,578 individuals
• Those falsely marked as a resident of a US territory – affecting 51,639 individuals
• Those with filing changes or had an unresolved condition on their tax account – affecting 39,666 individuals

If you fit in these categories or believe you are entitled to more stimulus money – there’s an easy way to check.

Americans earlier this year should have gotten up to two important letters regarding stimulus and child tax credit payments in 2021.

Letter “6475,” relating to stimulus payments, helps determine whether or not you can claim the recovery rebate credit on your 2021 tax return.

Moreover, the letter details how to claim the money when you file.

If you haven’t received a letter or thrown it away by mistake, there are other ways you can check and see how much stimulus money you got.

You can check your bank statements from last year and see how much has been deposited or you can sign in to your online account and click on the “economic impact payment information” section on the tax records page.

Moreover, parents can use the IRS’ child tax credit portal to view payments on their online accounts.

But if you aren’t sure, consult with a tax professional for help, as filing with errors could lead to delays.

The deadline to file taxes penalty-free was April 18.

However, you could have gotten an extra six months until October 15 if you requested an extension.

For more on how you can get money, check out five key documents you’ll need to earn up to $22,503 from the IRS.