During the Covid pandemic, the U.S. government provided financial aid through three rounds of Economic Impact Payments, including a $1,400 payment under the American Recovery Plan. Eligible individuals, including independent dependents, can still claim missed payments through the Recovery Refund Credit via their 2021 tax return. The deadline to file is April 15, 2025, and it's crucial for taxpayers to send their returns via certified mail if electronic submission is unavailable. Failing to do so could result in missed claims for other tax benefits as well.
The Recovery Refund Credit serves as a safety net for individuals who missed out on previous Economic Impact Payments, ensuring they can claim their due funds while filing 2021 taxes.
Eligible individuals could receive up to $1,400 or $2,800 for married couples, and dependents could add an extra $1,400 per qualifying family member.
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