Keeping your information up to date is crucial to get the full benefit to which you are entitled. Make sure the IRS is aware of any changes in your status, such as the birth of a new child or the formation of a new partnership.
The same is true if you are relocating. Having an incorrect postal address or not filing a tax return are the two most prevalent causes of a person's Stimulus funds not being received. Below, you'll find information on these issues and advice for avoiding them.
Here Are the Top Methods for Obtaining Stimulus Funds
Mistaken Mailing Address
The IRS needs to know if you've moved recently. There are two criteria you'll need to change if you've moved since filing your last tax return.
A change of address form must be filed with the post office, and the Internal Revenue Service must be informed. If you got your previous stimulus payment through a bank account, you may experience a delay in payment if the addresses do not match.
A failure to file a tax return for the prior year
The size and timing of your stimulus check will be determined by the most recent tax return you filed. Those who did not have to file an income tax return should fill out a non-filers form instead. If any information on your tax return is out of date, you should rectify the situation promptly or risk not receiving the full payment to which you are due.
Determine your potential stimulus payment by visiting the IRS's stimulus impact payment page. Additional information, including payment rates, dates, and eligibility requirements, is available on the official website.
