Millions of families are missing out on a $1200 or $2400 federal stimulus check, officially known as an Economic Impact Payment, because they did not file a tax return with the Internal Revenue Service. According to a report issued by the Center on Budget and Policy Priorities, “About 12 million Americans risk missing out on the stimulus payments provided through the recent CARES Act because they must file a form by October 15 to receive it.”
Households may still be eligible for payments under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). To claim the payment non-tax filers must complete a “Non-Filers: Enter Your Payment Info Here” application and provide simple information. Issuance of Economic Impact Payments do not affect various social benefit programs, such as Temporary Assistance to Needy Families (TANF), Supplemental Nutrition Assistance Program (SNAP) or Medicaid. The stimulus payment is a tax credit and does not count against social programs or as a Public Charge.
It is estimated there are 725,00 adults and children in New Jersey and Pennsylvania alone who missed receiving automatic payments, totaling $725 million.
According to IRS, the following may be eligible for the Economic Impact Payment: U.S. citizens, permanent residents and qualifying resident aliens who:
- Have a valid Social Security number,
- Could not be claimed as a dependent of another taxpayer, and
- Had adjusted gross income under certain limits.
To apply use the IRS Non-Filers: Enter Payment Info Here tool if you are not required to file a federal income tax return for 2019 for any reason, including:
- Your income is less than $12,200
- You’re married filing jointly and together your income is less than $24,400
- You have no income
Information you will be required to provide includes: full name, current mailing address, an email address, dates of birth and valid Social Security numbers, bank account and routing number, if you have one, driver’s license or state-issued ID, if you have one. To provide the required information individuals must create an account with IRS, providing their email address, phone number and establish a user ID and password.
Additional information is available on a recent report by the Center on Budget and Policy Priorities, titled, “Aggressive State Outreach Can Help Reach the 12 Million Non-Filers Eligible for Stimulus Payments.”
The deadline to apply is October 15, 2020.