IRS reports deadline for payment of $ 1,400



  • You still have time to apply for the plus-up check.
  • The plus-up check awards up to $ 1,400, a payment that is not too bad for the December holidays.
  • The IRS reminded the deadline to apply for the plus-up check.

Do not be left without the extra financial help, much less when the December holidays approach. There is only one month left to apply to receive the so-called plus-up stimulus check or additional check, which awards up to $ 1,400 to those who qualify.

The last round of stimulus checks from the Internal Revenue Service (IRS) will end on December 31, 2021, the last day of the year. Payments will be sent to those who are eligible each week until the deadline set by Congress, The Sun newspaper said in an updated report on Monday, November 29.

You can still receive the plus-up check

Adults whose income was reduced during the pandemic are eligible for the plus-up check and some dependents as well. These additional payments are extra stimulus checks that are sent to those who received a stimulus check based on their 2019 tax return or information received from the Social Security Administration. Some taxpayers whose income was lower in 2020 than in 2019 are also eligible, The Sun explained.

According to the aforementioned newspaper, Cassandra Kirby, a senior executive at the financial advisory firm Braun-Bostich & Associates in Pittsburgh, expressed: “Let’s say that a married couple with a child had an adjusted gross income of $ 165,000 in 2019, and due to that their income was more than $ 160,000, they are not eligible for any part of the third payment. However, in 2020, they had another child and their adjusted gross income dropped from $ 165,000 to $ 155,000. “

Up to $ 1,400 gives the plus-up check: who qualifies?

check plus-up

And that’s why they would fall within the $ 150,000 to $ 160,000 threshold with an additional dependent and would be eligible for $ 2,800 awarded in stimulus money. The same goes for anyone who declared an elderly or disabled dependent on their taxes in 2020, The Sun report explained.

This also includes elderly or disabled family members or university students who are under the care of private individuals. These are now the ninth set of payments since the March 2021 stimulus checks authorized by Congress, The Sun noted.

What to do to claim the plus-up check?

Plus-up check

So you can claim your payment by filing a federal tax return. Payments are sent separately from your 2020 tax refunds and are typically issued within two weeks of when your tax return was processed, according to Marca newspaper.

The total number of payments sent to Americans is about $ 165 million, or $ 388 billion, CBS News reported long ago. About 500,000 of those payments were made via direct deposit, while the rest were via checks, The Sun noted.

Monthly payments of $ 350 will be awarded to those who qualify in New Orleans beginning in 2022

Stimulus checks

The new year will come with more financial help. Although it is not clear whether Americans will receive another federal stimulus check, many city and state governments are issuing their own financial benefits to residents, and in this case one city will award monthly payments of $ 350.

In a report updated on Sunday, November 28, The Sun newspaper reported that New Orleans, Louisiana, some teens and young adults will receive monthly payments of $ 350 for ten months as part of the state financial education program.

The New Year Will Bring More Help: $ 350 Monthly Payments

monthly payments
Photo: Shutterstock

The new initiative will impact 125 New Orleans residents, who are between the ages of 16 and 24. The first stimulus payment will be issued next spring, and recipients will receive $ 3,500 in total. Since these payments are recurring for 10 months, the aid can be seen as a trial run for a universal basic income program, The Sun said.

In an idea backed by businessman and former presidential hopeful Andrew Yang, several large cities, such as Chicago, Illinois, and Los Angeles, California, are also offering universal basic income payments to some of their residents, the report said. The Sun.

Up to $ 3,500 total will receive those who qualify for the benefit of monthly payments in New Orleans

monthly payments
Photo: Shuttersotck

In this case, New Orleans aims to address the city’s “unbanked” problem, which applies to adults who do not use financial services like traditional checking and savings accounts to store their money.

According to the economic advocacy group Prosperity Now, Louisiana ranks second in the percentage of unbanked among its population, at nearly 15%. And the New Orleans program, in partnership with Mastercard and Mobility Capital Finance (MoCaFi), aims to specifically address the problem of the racial and wealth gap.

Who can opt for the monthly payments?

monthly payments
Photo: Shutterstock

Direct monthly payments will be provided by Mobility Capital Finance through a loaded ATM card. Along with the age requirement, the funds will go to those who are unemployed or out of school, The Sun noted.

New Orleans Mayor LaToya Cantrell stated, “My administration continues to identify innovative ways to serve and empower our residents and will ensure that the unbanked are banked and have access to financial education and other resources so they can serve the basic needs and continue to invest in themselves ”.

Stimulus checks and other payments: 10 states and cities will provide benefit before Christmas

monthly payments
Photo: Shutterstock

Christmas could come to your house early thanks to the delivery of more stimulus checks and other payments. Many Americans can expect to receive a payment from their state or local government before Dec. 25, The Sun newspaper reported on Thursday, Nov. 25.

The money could be sent as one-time stimulus checks or as a universal basic income, which is a set of recurring payments. In any case, the Americans will receive some money for the coming parties. The Sun explained which states and cities could send you a payment before the end of the year.

Stimulus Checks for California and Florida Residents

Stimulus checks

California: As part of the Golden State Stimulus II program, it is estimated that a total of nine million Californians will receive checks before the end of the year if they have not already obtained them. Under the California initiative, a resident who earns less than $ 75,000 per year and who filed 2020 taxes before October 15 is entitled to receive payment.

Florida: this state could send out stimulus payments in December for teachers in preschool through 12th grade. If eligible, those individuals can receive a one-time payment of $ 1,000. Governor Ron DeSantis said the program aims to help about 175,000 teachers and 3,600 principals.

Maine and Maryland will also have stimulus checks and other payments

Stimulus checks
PHOTO SHUTTERSTOCK

According to The Sun, residents of the state of Maine they began receiving stimulus payments on November 15. The one-time payments of $ 285 will go to more than half a million residents. Eligible are singles earning less than $ 75,000 per year and couples earning $ 150,000 or less. The state will continue to send them until the end of the year.

Maryland: Maryland’s poorest families and individuals will receive stimulus checks. Eligible families will receive checks of $ 500, while individuals can receive payments of $ 300. Families can also receive more money through tax returns over the next three years. The newspaper detailed that families with two children who earn $ 25,000 could receive $ 1,100 a year. To know the rest of the places where the payments will be delivered, read this note.

Continues related article



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