73,000 New Yorkers have money waiting for them at the IRS. One of them could be you.
The IRS says roughly 1.1 million people may be eligible to get a stimulus check of up to $1,400 from the COVID era, but they need to act by no later than April 15th. Almost $1 billion remains unclaimed. These funds were the last round of stimulus checks issued during the pandemic.
California (116,300), Texas (102,200), New York (73,000) and Florida (69,800) have the largest number of people potentially eligible for the funds.
“Under the law, taxpayers usually have three years to file and claim their tax refunds,” the IRS said in a recent communication. “If they don’t file within three years, the money reverts back to the U.S. Treasury.”
What do you need to do to get the payment? Simply file your 2021 tax return to receive the payment. Your payment will be paid by direct deposit or a paper check in the mail.
“Eligible taxpayers who did not file must file a tax return to claim a Recovery Rebate Credit, even if their income from a job, business or other source was minimal or non-existent,” the IRS said.
“The IRS continues to work hard to make improvements and help taxpayers,” said IRS Commissioner Danny Werfel in a statement. “These payments are an example of our commitment to go the extra mile for taxpayers. Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible.”
Werfel added, “To minimize headaches and get this money to eligible taxpayers, we’re making these payments automatic, meaning these people will not be required to go through the extensive process of filing an amended return to receive it.”