Here Is a List of Those Who May Still Be Eligible for Up to $1.6 Billion in Stimulus Funds!

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By the middle of September 2021, around 645,000 potentially eligible individuals had not received a third stimulus check, according to a recent study from the Treasury Department’s Inspector General for Tax Administration. Some of those individuals received checks following September, but the report did not specify how many of those individuals have received their reimbursements since September.

The sum of outstanding stimulus checks is not insignificant, with the Treasury estimating it to be $1.6 billion.

To be sure, the IRS has distributed the majority of the third batch of stimulus checks, with over 175 million taxpayers receiving checks. However, some individuals may have slipped through the cracks, and the current tax season may offer them an opportunity to collect the delayed payment.

On March 30, the IRS announced that it would cease issuing first-, second-, or third-round stimulus payments. However, taxpayers who did not receive a check or did not receive the full amount due can claim the additional payment as a Recovery Rebate Credit on their 2020 or 2021 federal income tax returns, the agency said.

For example, some families that had a new child in 2021 may have missed out on the third stimulus check. Because the IRS determined eligibility based on the previous year’s tax return, the tax agency would be unaware of children born or adopted in 2021.

Additionally, some individuals whose earnings decreased in 2021 may qualify for additional stimulus funds. Because the payments were tapered out at specified income levels — such as $160,000 for married couples — individuals whose incomes fell below that level in 2021 may qualify for more money.

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Who Was Left Out?

The majority of persons who did not receive the $1,400 check to which they were entitled are those with an ITIN — an Individual Taxpayer Identification Number — who did not receive a payment for a qualified dependant, according to Treasury. As of last fall, approximately 420,000 persons in this category had not received their checks, the report found.

ITINs are commonly used by employees who lack a Social Security number yet must submit taxes. Parents with ITNs who have dependents with a valid Social Security number may be eligible to receive funding for their children under the American Rescue Plan.

Over 130,000 people may have missed out on the third stimulus cheque due to a payroll-related problem. The American Rescue Act exempted the first $10,200 in unemployment benefits from taxable income in 2020, but some taxpayers may have filed their taxes prior to the change taking effect.

Treasury stated that “these individuals will need to claim the 2021 Recovery Rebate Credit on their Tax Year 2021 returns.”

Thousands of other taxpayers may have missed out on their third stimulus check as a result of an “unresolved situation” in their tax account or because they altered their filing status, the agency added.

According to the IRS, individuals can check the amount of their check — or whether they received one at all — by entering into their IRS Online Account.

“Individuals are urged to double-check their bank accounts — particularly in the early spring and summer of 2021 — to see whether they received an advance payment for the third round last year,” the government wrote on March 30.

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If taxpayers did not get a third stimulus check but their IRS Online Account indicates they received one, the IRS advised them to “call the IRS as soon as possible to see if a payment trace is required.”

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