Is there still a $ 1,200 or $ 600 stimulus check? How to claim money

Is there still a $ 1,200 or $ 600 stimulus check?  How to claim money

If you did not receive any money from the previous checks — or if you received less than you were due — you can still try to claim the money from the U.S. government. The checks are phased out for incomes above those levels. Those terms vary per stimulus check. This tax season, a recovery rebate credit has been added to returns in order for people to file for any unpaid stimulus check funds.

The direct payments are aimed at individuals and families below certain income thresholds. Generally, those with adjusted gross income up to $75,000 for singles, $112,500 for heads of households and $150,000 for married couples who file jointly are eligible for full payments. The first stimulus payments, for as much as $1,200 per person, were authorized by Congress last spring. Meanwhile, the $600 and $1,400 payments were signed off on more recently, in December and March, respectively.

More from Personal Finance:About 127 million $1,400 stimulus checks have been sentUsing tax-deferred savings can help you get that $1,400 stimulus checkHow to make sure you don’t miss $1,400 stimulus checks in the mail The U.S. government has sent out three rounds of stimulus checks — for up to $1,200, $600 and $1,400 — over the past year in response to the coronavirus pandemic.

If you file electronically, the tax software you use should help you calculate any unclaimed stimulus check funds. You can file your federal tax return for free using the IRS Free File Program, so long as your income is $72,000 or less. A recovery rebate credit worksheet can help determine whether you are eligible for more money, and for how much. Those instructions are available with Forms 1040 and 1040-SR.

If you received any money through the first or second stimulus checks, you also need to know exactly how much was paid. But you need to send in a 2020 federal tax return in order to get that money. That’s true even if you are not required to file a return, according to the IRS.

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