Deadline set for plus-up stimulus checks worth up to $1400

PLUS-up stimulus checks worth $1,400 may end soon – so, when do they end and are you eligible?

The final round of IRS incentive payments will end on December 31, 2021.

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Plus-up checks end on December 31, 2021Credit: Getty
December deadline set in stone by Congress

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December deadline set in stone by CongressCredit: AP

The IRS promises to pay eligible recipients each week until the deadline, set in stone by Congress.

The checks are up to $1,400 per adult whose income has fallen in 2020, while dependents are also eligible for the same amount.

Plus-up payments are additional incentive checks sent to those who received an incentive check based on their 2019 tax return or received information from the Social Security Administration.

According to American news, some taxpayers are eligible whose income was lower in 2020 than in 2019.

Cassandra Kirby, a senior executive at wealth advisor Braun-Bostich & Associates in Pittsburgh, said, “Let’s say a married couple with one child had an adjusted gross income of $165,000 in 2019, and because their income was over $160,000 , they are not eligible for any portion of the third payment.

“However, in 2020 they had another child and their adjusted gross income fell from $165,000 to $155,000.”

That’s because they would fall within the $150,000 to $160,000 threshold with an additional dependent and qualify for $2,800 in incentive money.

The same applies to anyone who rejected an elderly or disabled person from the tax in 2020.

This could be elderly or disabled relatives or students who are in the care of a person.

This round of cash marks the ninth series of payments since the $1,400 stimulus checks were approved by Congress in March.

You can claim your payment by filing a federal tax return.

Payments are sent separately from your 2020 tax refund and are typically made within two weeks of your tax return being processed, according to macra.

The total number of payments sent to Americans is about 165 million, or $388 billion, according to CBS News.

About 500,000 of those payments were made through direct deposit, the rest through checks.

The IRS offers $1,400 per eligible adult

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The IRS offers $1,400 per eligible adultCredit: Getty

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