Taxpayers are urged by the IRS to claim their COVID-19 Relief Credits before the deadline

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The IRS Alerts You to the COVID-19 Tax Credit’s Impending Expiration

To Claim Recovery Rebate Credit, Eligible Taxpayers Are Urged to File 2020 Returns by May 17

The Internal Revenue Service (IRS) is alerting taxpayers to the approaching expiration of a tax credit created during the COVID-19 pandemic as the May deadline draws near. Those who have not yet filed their 2020 tax returns can still take advantage of the Recovery Rebate Credit, created to offer relief to anyone who did not receive a stimulus check in 2020 or 2021. Due to its refundable nature, the credit is available to tax-free individuals. To ensure they receive the benefit before it expires, eligible individuals must file their returns by May 17, 2024, based on the Smart News report.

IRS owes WA residents an estimated $44M in old refunds. What to know | The Seattle TimesTaxpayers are urged by the IRS to claim their COVID-19 Relief Credits before the deadline (PHOTO: The Seattle Times)

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The IRS outlines the requirements for eligibility and the process for obtaining a recovery rebate credit

The Recovery Rebate Credit is only available to people who meet specific IRS requirements, such as being a citizen or resident of the United States in 2020, having a social security number that was issued before the tax return deadline, and not being reported as a dependent by another taxpayer. Crucially, those who passed away in 2020 or later are eligible to receive the credit. Taxpayers can use the IRS website to verify their eligibility or if they received the correct amount online. Furthermore, the IRS advises qualified people to apply for filing aid through programs like Volunteer Income Tax Assistance and Tax Counseling for the Elderly.

READ ALSO: Stimulus In 2023: Ongoing Financial Relief Initiatives Persist Across Multiple States

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