The IRS is currently accepting 2020 tax returns through May 17, the new Tax Day deadline. Like us on Facebook to see similar stories, Fact check: Nursing newborns are not having reactions to COVID-19 vaccine, State Department revokes security clearance for acting chief of staff to UN ambassador. The IRS has until Dec. 31, 2021, to finish sending stimulus check payments, and that will include the catch-up payments for people who are still owes stimulus money. Here's what to know. But once your 2020 return is processed, it could change the amount you're owed. Connect with friends faster than ever with the new Facebook app. But depending on what changed between your 2019 and 2020 tax return, you may be eligible for an additional "plus-up" payment from the IRS. Regardless, those who will be receiving a “plus up” payment will get the payments automatically. The IRS should send it out automatically once it processes your new return, likely by direct deposit or by paper check, if you don't have your account details on file. The new batch of $1,400 stimulus checks included more “plus-up” payments . If you're expecting a tax refund hat includes missing stimulus money from the first two stimulus checks, we especially recommend setting up direct deposit with the IRS if you don't already have it, so you get your tax refund back much sooner. USA TODAY. The IRS based your third stimulus check on either your 2019 or 2020 tax return, depending on which was on file. However, the IRS has yet to say if there will be an opportunity to claim missing money in 2021 instead. Much like with the first and second checks, you'll likely be able to claim any missing money from the third check owed to you or your dependents during tax season next year, 2022. If the extra money never arrives, you may need to file a claim, either later in 2021 (if the IRS opens up an adjustment window) or potentially a year from now on your 2021 tax return -- much like the current Recovery Rebate Credit for missing stimulus check money from the first two rounds of stimulus payments. If you're eligible to receive a third stimulus check, but yours never arrives by direct deposit, paper check, EIP card or Direct Express card (for example if you receive SSI, SSDI or veterans benefits), you'll likely have to take another step to claim that money. Either the IRS automatically sends a catch-up, or "plus-up" payment between now and the Dec. 31, 2021 deadline for sending stimulus checks, or you'll have to claim the money later. The third round of stimulus checks is arriving today for millions more Americans. Fast Company - Some Americans may be getting a fourth stimulus payment. Here are some of the situations where people could have received a smaller third stimulus check than they should have: In addition to the two above, the IRS specifically mentions “other situations” that make people eligible for a “plus up” payment, but it does not state what those situations are. The Internal Revenue Service (IRS) announced on Wednesday that another 25 million stimulus checks… © 2021 CNET, A RED VENTURES COMPANY. Due to pandemic-related delays, the IRS is still working its way through a backlog of paper tax returns from 2019. What if your circumstances have changed since you last filed, like if you earned less income in 2020, or if you had a baby? A NEW "plus up" payment will be going out to Americans who earned less in 2020 than they did in the previous year or had a new baby. ALL RIGHTS RESERVED. For example, if you earned more in 2020 than in 2019, but the IRS uses your 2019 return (and gives you more stimulus money than you might be eligible for), you won't have to return that money (more below). But first, it’s important to state that everyone … The payments have started going out to people who received their third stimulus check, but didn't get the right amount because of a life change in 2020. More than 130 million people have already received a payment for up to $1,400 per person in their household (track your payment through the IRS, or through USPS if you're expecting a check by mail). If the IRS already sent the third stimulus check but you are owed more based on your 2020 tax returns, the IRS will automatically adjust the payment after you file your returns with a "plus-up" check. According to the IRS, the plus-up payment is “the first of ongoing supplemental payments for people who earlier in March received payments based on their 2019 tax returns but are eligible for a new or larger payment based on their recently processed 2020 tax returns.” The Internal Revenue Service (IRS) announced that its third installment of covid-relief payments will include the booster, targeted at those who lost their jobs during the coronavirus pandemic. Keep reading to learn more about who is eligible. “Plus up” checks and direct deposits began processing on Friday, March 26, with an official payment date of Wednesday, March 31. Again, you'll only get a supplemental "plus-up" payment if you received a third stimulus check based on your 2019 tax return or other information, but you would have gotten a larger check … So what’s with this fourth stimulus check some people may be getting? But first, it’s important to state that everyone shouldn’t be getting excited they may revive a fourth stimulus check. The first thing is to make sure you know how much stimulus money you should expect, using our stimulus calculator as a baseline. The IRS realizes that some Americans may have had a change in circumstances from 2019 to 2020 and so may be eligible for a bigger payment than they received with their third check. These processing delays could be due to a number of things, including a mistake, missing information, or suspected identity theft or fraud. Resolving the problem then depends on how quickly and accurately you get back to the agency. With tax returns and third stimulus checks occurring at the same time, the IRS has its hands full. If you filed your return and your circumstances changed in 2020 in a way that would bring you more stimulus money in this round -- such as if you earned less income, or if you had a baby or added a new dependent -- you may be owed a "plus-up" payment from the IRS. If they made less income in 2020 than they did in 2019, If they had a new dependent—such as having a new child in 2020. If the amount the IRS tells you to expect differs greatly from the total the IRS said it gave you in a confirmation letter, you'll need to keep an eagle eye out for payment adjustments. If the IRS contacts you for more information, you should get a letter. Show full articles without "Continue Reading" button for {0} hours. If your 2019 tax return is still being processed, the best thing to do right now is to file your 2020 return electronically as soon as you can, according to Janet Holtzblatt, a senior fellow at the Urban-Brookings Tax Policy Center. People who will get this “plus up” payment include those who have already gotten a third stimulus check, but the amount of the check was based on their 2019 income or personal situation and not on their 2020 income or personal situation. A third batch of $1,400 stimulus checks has been sent, which this time includes “plus-up” payments for people who are eligible for more money now … Plus-up payments will continue weekly, the IRS said. Officially the Internal Revenue Service (IRS) is calling it a “plus up” payment. If you're owed money from the third round of stimulus checks, you may be eligible for a "plus-up" check. If you're owed a plus-up payment, you shouldn't have to file an amended tax return or do anything else to claim it, other than file your 2020 tax return as soon as possible. Whether you got your check or you're still waiting, you may be wondering: Will your eligibility for the new payment be based on your 2019 or 2020 taxes? 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