Stimulus update: $3,200 one-time payments must be claimed today
Brady Knox
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Between 9 million and 10 million taxpayers remain eligible for COVID-19 stimulus payments worth up to $3,200, but the deadline is today.
Through funds leftover from the child tax credit or COVID-19 relief stimulus checks, low-income United States citizens may be eligible for the considerable sum, according to the Government Accountability Office. If eligible, all they need to do is file simplified tax returns, the deadline for which has been extended to Tuesday, Nov. 15.
STIMULUS UPDATE: DIRECT $1,050 RELIEF PAYMENTS LOADED ONTO DEBIT CARDS TO BE SENT OUT BY JANUARY
The ship has already sailed for taxpayers as their deadline to apply was Oct. 17.
From April 2020 to December 2021, Congress authorized the payment of $931 billion to 165 million eligible citizens through direct stimulus payments across three waves to alleviate the financial burdens of the COVID-19 pandemic. A person with an income below $75,000 and married couples with a combined income below $150,000 were eligible for all three waves of payments.
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The child tax credit has benefited an estimated 84% of U.S. children between July and December 2021.