Sep 25, 2020
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About this Deal
Roughly 9 million people across the country are receiving letters from the IRS about how to claim those missing stimulus checks.
Millions of people, many living on limited incomes, have yet to get their hands on money that could help pay the rent, cover grocery bills, handle car repairs and pay for other essentials.
And they've been waiting and waiting ever since the Economic Impact Payments began rolling out five months ago.
Now, they're looking at a looming Oct. 15 deadline — if they don't want to wait well into 2021 to get their money.
How many people haven't received those payments yet is debatable. The Internal Revenue Service and the Department of Treasury do not know how many eligible people have yet to receive a stimulus payment, according to a new report by the U.S. Government Accountability Office.
Not everyone eligible was able to be initially identified," the GAO report stated.
The GAO noted the U.S. Treasury and the IRS have issued stimulus payments to all eligible individuals for whom IRS has the necessary information to do so.
But a lack of updated information on how many eligible recipients have yet to receive a payment, according to the GAO, could hinder outreach efforts and place potentially millions of individuals at risk of missing their payment.
Theoretically, one might think if the IRS could mail you a letter, well, they could simply mail you the check.
But the letters are going to people that the IRS isn't quite sure about when it comes to the size of the checks, or even if someone is really qualified to receive stimulus cash.
Why am I getting an IRS letter?
The IRS goes so far as to warn that "receiving a letter is not a guarantee of eligibility."
The group being targeted involves people who haven't filed a federal income tax return for either 2018 or 2019.
"Based on an internal analysis," the IRS said, "these are people who don't typically have a tax return filing requirement because they appear to have very low incomes based on Forms W-2 and 1099, and other third-party statements available to the IRS."
People are likely eligible, according to the IRS, if they:
Are a U.S. citizen or resident alien.
Have a work-eligible Social Security number.
Cannot be claimed as a dependent on someone else's federal income tax return.
Also it's important to know that people can qualify for stimulus money, even if they don't work.
A single person can receive up to $1,200 in stimulus cash. Married couples can receive up to $2,400. People with qualifying children ages 16 or younger at the end of 2019 can get up to an extra $500 for each child.
The IRS wants those who receive letters to enter personal information at the "Non-Filers: Enter Payment Info" tool on IRS.gov/eip before the Oct. 15 deadline.
You can provide bank account information to receive the money via direct deposit; or you can wait for a check to be mailed.