Another Stimulus Check?
Millions of Americans will be getting an extra stimulus check from the IRS soon.
The agency is sending out ‘plus-up’ payments to people who did not receive the full stimulus amount they were eligible for.
Most people in that category saw their income drop in 2020, making them eligible for a bigger payment. Instead, they would have received a smaller check based on their 2019 tax return.
“The most important thing people can do to make sure they receive their proper stimulus amount would be to go ahead of file a 2020 tax return,” said Bob Probasco, tax expert with the Texas A&M University Law School. “The IRS will catch up to these returns and make corrections to the stimulus payments.”
If you think you’re eligible for a larger stimulus, the best thing to do is make sure your 2020 return is filed.