Unclaimed Stimulus Payments IRS Issues Final Warning – This Is Your Last Chance!

Urgent: Claim Your 2020 Stimulus Checks by May 17 – IRS Highlights Importance of Filing Tax Return

Unclaimed Stimulus Checks Await: Taxpayers with No 2020 Income Must Still File Return to Collect Funds

According to Money Talks News, some taxpayers have yet to claim rebates for the stimulus checks issued by the federal government in 2020. There are individuals who have not  received their entitled funds because they did not file a tax return for that year. The IRS has emphasized a nearing deadline of May 17 for eligible individuals to collect these funds potentially amounting to thousands of dollars.

To obtain their stimulus checks the eligible taxpayers must file a tax return for the year 2020 regardless of whether they had income during that period. This filing allows them to claim the unpaid funds as a rebate which will be included in their tax refund. Known as the 2020 Recovery Rebate Credit and this payment can be claimed by individuals who meet specific criteria such as citizenship, independence from another taxpayer and income below a certain threshold.

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Unclaimed Stimulus Payments IRS Issues Final Warning – This Is Your Last Chance!(PHOTO: getty images)

With the deadline approaching, taxpayers are reminded that their right to a tax refund expires three years after the tax deadline. It is crucial for those who have not yet filed taxes for 2020 to do so before May 17 to ensure they receive their entitled stimulus money.  Individuals are encouraged to use the IRS’s online tools to track the status of their refund and ensure they receive the funds they are owed.

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