To qualify, individuals must file their 2021 tax return before the cutoff date.
IRS Commissioner Danny Werfel explained in December that the IRS identified one million taxpayers who overlooked claiming this credit and to simplify the process, they are making these payments automatic, so eligible individuals won’t need to file an amended return. The Economic Impact Payments, issued during the COVID-19 pandemic, were designed to help people who were unable to work, with payments up to $1,400 depending on income. For individuals, the full amount is available with an adjusted gross income (AGI) of $75,000 or less, while the cap for married couples filing jointly is $150,000. Payments for dependents may also be eligible, with no age limit. To check if you qualify, visit IRS.gov.
