The deadline to apply for the financial assistance is quickly approaching, but millions of taxpayers are still eligible for COVID-19 relief stimulus payments.
A stimulus payment or the child tax credit might make between 8 million and 9 million people eligible for additional COVID-19 relief. According to the Government Accountability Office, those with low or no income have until November 15 to submit a simplified tax return to determine whether they are eligible for this further help.
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The payments are a part of the federal government’s efforts to lessen the financial burden on the nation during the coronavirus outbreak. Congress approved $931 billion in funding to be paid in three waves for around 165 million individuals as direct COVID-19 stimulus payments between April 2020 and December 2021.
Other taxpayers who earlier this year missed the April 15 filing deadline had until mid-October to file their taxes; however, the deadline passed on October 17.
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Eligible for all three payments are single applicants with annual incomes under $75,000 and married couples filing jointly with combined annual incomes under $150,000.
The child tax credit, which attempts to lessen financial hardship and food poverty, is also available to families with kids. Between July and December 2021, these credits benefited almost 84% of kids nationally.
