Tuesday, May 24

Plus-up payment 2021: Do you qualify for the IRS’s last payment?

Under the Joe Biden Administration, the American Rescue Plan delivers around $1,400 in direct payments to its citizens.

Families with children are still receiving money this month. Nevertheless, some of them aren’t expecting it.

Who can get the Plus-up payment?

According to the IRS, Plus-Up Payments are for people who already received a third economic impact payment based on a 2019 tax return or information received from SSA, RRB, or VA and who may be eligible for a larger amount based on their 2020 tax return.

People qualify for the Economic Impact Payments if they make $75,000 or less as a single filer or $150,000 or less as a married couple filing jointly.

Therefore, if you qualify, all you have to do is submit your 2020 tax return if you haven’t done so already.

The Plus-Up payments have a deadline. There are being sent out until December 31, 2021.

Source

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