SOME Americans may claim a $1,400 stimulus check in the new year.
However, there are specific criteria to follow in order to receive cash in 2022.
The multiple final checks will go away when taxpayers are eligible to file a 2021 tax return next year.
HOW TO GET YOUR CASH
Eligible Americans will be able to claim a Tax Time Refund Credit to receive the money they owe from the IRS.
To be eligible for the full amount on the third test, individuals need an adjusted gross income (AGI) of $75,000 or less, and couples filing jointly need an AGI of 150,000 dollars or less.
Eligible people will be able to claim the child on your 2021 tax return – to be filed in 2022.
The current date to file the 2021 taxes is Friday, April 15.
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WHO IS ELIGIBLE FOR PAYMENT?
Eligible recipients may include people whose tax situation changes in 2021, but this change is not reflected in their most recent tax return.
For example, parents who welcome a child in 2021 may be eligible for a payment of $1,400 as long as they meet the income requirements.
Eligibility for the third round of stimulus checks, issued earlier this year as part of the President Joe BidenPlan to Rescue Americans, based on a family’s final tax return filed.
Since children born in 2021 are not included, a check of $1,400 will be applied to their parent or guardian’s 2021 tax return.
Others may also qualify for more money due to a change in income or having additional dependents.
Payments begin to decline gradually for those who earn more than that income limit.
They completely exclude individuals earning more than $80,000 and couples earning more than $160,000.
Number of families still owed $1,400 stimulus test unknown but estimated to be in the millions.
The number will not be known until the total number of births for 2021 is revealed.
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https://www.the-sun.com/money/4358635/how-to-claim-stimulus-check-2022/ How to get your $1,400 stimulus check in 2022