Many of the economic rules that were put in place in the US during those years are still in place today, even though the worst of the outbreak seems to be over. The Internal Revenue Service (IRS) sent the third economic stimulus cheque in 2021. It was a straight payment that helped millions of American families get back on their feet financially after the health crisis.
A lot of Americans got this help without having to fill out any extra forms. But not everyone had such good luck. Still, some people can get that money, even if they didn’t qualify at the time, didn’t have enough information, or had trouble with their tax return. A lot of people don’t know that they can still claim it.
The Recovery Rebate Credit is the key. This is a benefit that lets you apply for the third check even now, in 2025. But, as with any legal process, you need to follow certain steps and know when things need to be done by. To make sure you know everything you need to know about this chance to make money if you didn’t get the full payment or any payment at all, we will check it out.
Who can get the 2025 aid check from the IRS?
No matter what age, the third stimulus payment was up to $1,400 for each person and their children. This began to be sent in March 2021 to people who met certain income requirements. In particular, people with an Adjusted Gross Income (AGI) of up to
$75,000. If they filed as a single person, $112,000. If they filed as a head of household, and $150,000 if they filed collectively.
After these amounts, the amount slowly went down until it was gone altogether at $80,000 for people, $120,000 for heads of household, and $160,000 for couples.
The 2021 Recovery Rebate Credit lets you get this payment back if you didn’t get it or only got part of it. The main thing you need to do is send in your tax return for that year by April 15, 2025. In this case, you will need to file a return even if you usually don’t have to. This is so the IRS can process the refund.
How to get the money from the IRS
First, you need to see if you qualified. In other words, you need to show proof that your income in 2021 is within the allowed range and that you did not receive the full payment at that time. If you’re not sure, you can look at the letters the IRS sent to people who got the checks or use the IRS site to see a record of your payments.
After that, you’ll have to send in your 2021 tax report. You can do this online or on paper, but the online method is faster and more accurate. You will need to write down how much your Recovery Rebate Credit is on that form. You can get online tools and thorough guides from the IRS to help you with this step.
Lastly, the IRS will give you the money as part of your tax refund if you are eligible for the credit. You might get the money faster if you choose direct banking. We could say that there is still time to get an important benefit that you might have missed for different reasons. If you believe that the third stimulus check from the IRS was meant for you, don’t miss the chance to claim it. You have until April 15, 2025, to do it.
