IRS Extends Deadline To Claim $500 Child Stimulus Payment
The Internal Revenue Service announced that those caretakers who are eligible to claim a $500 stimulus payment for qualifying dependent children under the CARES Act but haven’t yet registered can now do so until 3 p.m. ET on November 21.
Eligible individuals—even if they have already received a stimulus check—can enter information on their qualifying children using the online Non-Filers: Enter Info Here tool.
Earlier this month, the IRS also extended the deadline for eligible non-filers to claim their own $1,200 stimulus payment until November 21.
Most stimulus checks went out automatically to those who were eligible and filed a 2018 or 2019 tax return with the IRS, but many of those who don’t typically file tax returns did not receive their payments automatically.
8.7 million. That’s how many eligible Americans—most of whom are low-income and don’t typically file a tax return—could be at risk of losing out on their $1,200 payments because of gaps in IRS and Treasury Department data, the Government Accountability Office said in a September report.
Under the $2.2 trillion CARES Act passed in March, eligible adults earning less than $75,000 per year (or joint filers earning less than $150,000) received a direct payment of $1,200 (or $2,400 per couple). Families with dependent children were eligible for an additional $500 payment per child.
What We Don’t Know
Lawmakers in Washington have for months been unable to agree on what the next round of federal coronavirus aid legislation should look like. While top Democrats led by Nancy Pelosi (D-Calif.) and the White House have long agreed on the need to send another round of direct payments to Americans, negotiations are slowing and it’s not clear when—or whether—the next aid bill will pass.
New Deadline For Claiming $1,200 Economic Stimulus Payments: November 21 (Forbes)
Pelosi: No Agreement Yet On Testing Language As Time Runs Out For Pre-Election Stimulus Bill (Forbes)
Pelosi Says Stimulus Bill Could Happen Before Election–But That Seems Unlikely (Forbes)
These Are The Biggest Obstacles To A Stimulus Deal (Forbes)