As of March 24, 2025, the Internal Revenue Service (IRS) is providing an opportunity for eligible individuals to claim the $1,400 Inflation Stimulus Check, officially known as the 2021 Recovery Rebate Credit. This initiative aims to assist those who did not receive the full Economic Impact Payments during the COVID-19 pandemic. To benefit, eligible taxpayers must file their 2021 federal tax returns by April 15, 2025.
Eligibility Criteria
To qualify for the $1,400 Recovery Rebate Credit, you must meet the following conditions:
- Income Limits:
- Single Filers: Adjusted Gross Income (AGI) up to $75,000 for the full payment; reduced payments for AGIs up to $80,000.
- Married Filing Jointly: AGI up to $150,000 for the full payment; reduced payments for AGIs up to $160,000.
- Head of Household: AGI up to $112,500 for the full payment; reduced payments for AGIs up to $120,000.
- Tax Filing Status:
- Must have filed a 2021 federal tax return.
- Non-filers are required to submit a 2021 tax return to claim the credit.
- Dependency Status:
- Individuals claimed as dependents on another taxpayer’s 2021 return are not eligible.
- Citizenship and Residency:
- Must be a U.S. citizen or resident alien in 2021.
- Social Security Number (SSN):
- You, your spouse (if filing jointly), and any qualifying dependents must have a valid SSN issued by the Social Security Administration by the due date of your 2021 tax return.
Application Process
To claim the $1,400 Recovery Rebate Credit, follow these steps:
- File a 2021 Federal Tax Return:
- Even if you are not typically required to file, submit a 2021 federal tax return to claim the credit.
- Ensure the return is filed by April 15, 2025, to remain eligible.
- Claim the Recovery Rebate Credit:
- On your 2021 tax return, complete the section for the Recovery Rebate Credit to indicate the amount you are eligible to receive.
Where to Apply
- Online: Use the IRS Free File tool to submit your tax return electronically.
- By Mail: Download and complete Form 1040 from the IRS Forms page, then mail it to the appropriate IRS address for your state.
- Assistance: Seek help from a certified tax professional or visit a local Volunteer Income Tax Assistance (VITA) center.
Required Documents
When preparing your 2021 tax return to claim the stimulus payment, gather the following:
- Proof of Identity: Valid government-issued ID.
- Social Security Number (SSN): For yourself, your spouse (if filing jointly), and any dependents.
- Income Documentation: W-2s, 1099s, or other income statements from 2021.
- Bank Account Information: For direct deposit of any refund or payment.
Conclusion
The $1,400 Recovery Rebate Credit offers a valuable opportunity for eligible individuals who missed out on previous stimulus payments. To benefit, ensure you file your 2021 federal tax return by April 15, 2025, and accurately complete the Recovery Rebate Credit section. For the most accurate and up-to-date information, visit the official IRS website or consult with a tax professional.