Under thepassed in March, dependents under 17 years old count as an extra $500 toward the total amount of your . But if the payment you received didn’t include the amount allotted to you for your child dependents, the IRS has reopened an online tool to help correct the error.
You’ll now have until September 30, 2020 to use the IRS’ nonfilers tool and apply for a catch-up payment. If you don’t file by then, you’ll have to wait until 2021 to claim your stimulus money on behalf of your kid. The IRS notes you shouldn’t use the tool yet if you plan on filing a 2019 tax return (for example, if you ), as it will slow down the process.
Currently, there are talks regarding athat could pass next month, assuming Republican and Democratic leaders can come to an agreement. Here’s what to know about claiming your missing $500 stimulus payment from the first round.
If you haven’t received your stimulus check at all, here’s ana lost or missing payment.
Eligibility requirements for the stimulus payment
To qualify, the filer must be a US citizen, permanent resident or a qualifying “resident alien”. They must also have a valid social security number, can’t be claimed as a dependent of another taxpayer and must have an under $146,500 (heads of household) and $198,000 (married couples filing jointly).
The CARES Act stipulates a $500 allowance per child dependent in addition to the $1,200 cap for single filers and up to $2,400 for couples filing jointly. (We’ve calculatedif rules change over dependents in a .)
Here’s how the IRS defines a child dependent — there may be specific details you’ll want to explore if your child dependent is adopted, disabled (of any age) or a citizen of another country.
How do I file for my missing $500 dependent payment with the IRS?
To file for your missing $500 stimulus money, visit the Free File Fillable Forms site, select Get Started, create an account if you haven’t already. You’ll then follow the posted instructions for filling out the form. You’ll need to provide your full name, mailing and email address, date of birth, social security number, bank account number (if you have one), driver’s license or state ID (if you have one), each qualifying child’s social security number and their relationship to you.
When you’re finished, you’ll receive a confirmation email. Your information will then be sent to the IRS so they can work on getting a check sent out to you, assuming you’re eligible.
How will I receive my extra $500 IRS payment?
You can either choose to have the check sent to you or youby providing your bank information. Generally, direct deposit is the quickest way to receive payments, especially with the delaying the mail.
The IRS will mail you Notice 1444 to confirm that it sent a payment of $500 per qualifying child. You’ll want to keep this letter for your records, especially since the letter may arrive at a different time than the payment.
When will I receive my payment?
The IRS says it will begin issuing checks in October for those who meet the application deadline — you won’t need to do anything else. However, if you’d like more information, you’ll be able to IRS Get My Payment webpage. From there, you’ll need to provide your social security number, date of birth, home address and zip code.by visiting the
For more information about stimulus payments, here’sand . Also, .