Did you miss the spring deadline? Take advantage of this extension.
The Internal Revenue Service (IRS) is giving certain federal beneficiaries a second chance to claim $500 stimulus checks for eligible dependent children.
In the spring, in order to expedite the distribution of $1,200 stimulus payments to federal beneficiaries who had not filed federal tax returns for 2018 or 2019, the IRS gave beneficiaries a narrow window to claim additional $500 stimulus payments for qualifying dependent children. Most of those beneficiaries had to use the non-filers tool on irs.gov to submit a dependent claim. Once the claim window closed — for most it was May 5 — the beneficiaries were told they would need to wait until they filed their 2020 tax returns in 2021 to claim the dependent payments. That left many beneficiaries facing months-long waits to receive much-needed money during the pandemic.
In a July 27 letter to the IRS commissioner, AARP urged the IRS to reopen the non-filers tool to Social Security and other federal beneficiaries who missed the earlier deadlines so they could claim $500 stimulus payments for eligible dependent children. The IRS has now acquiesced to that request.