The IRS is working to get plus up payments out to Americans that filed their 2020 taxes showing they were eligible for the stimulus check.
As the year comes to a close, many people are waiting for various types of refunds from 2020, despite 2022 being only days away.
The plus up payment is a stimulus payment that helps Americans get the amount they were originally entitled to when the third round of checks were sent.
Related: Missing unemployment tax refunds, some worth $1000s, won’t arrive until 2022 for some
At the current moment, the IRS states that anyone who received a third payment that was based on their 2019 tax return is being sent a plus up payment.
This is specific to 2019 tax return information that came from the SSA, RRB, or VA as well as people who had their 2020 tax return filed in time for the IRS to see.
The deadline for 2021 plus up payments is soon
The deadline for plus up payments created by legislatures is Dec. 31, 2021.
Related: There are 13 tax deductions to know about to prepare for your 2021 taxes
If you think you might qualify, you need to get your 2020 tax return filed as soon as possible.
Payments are normally issued within two weeks of your return being filed.
If you file it now, you won’t see a plus up payment before the year ends, but you’ll get the payment if you make the deadline.
Related: Stimulus checks worth up to $1,100 started going out yesterday, is one yours?
What happens if I don’t file for a plus up payment in time?
If you were entitled to a third payment but got less or none at all, you can claim the amount with the Recovery Rebate Credit on your taxes next year.
The deadline to file in 2022 will be April 18.
The deadline could change due to COVID-19, similarly to last year, but that has yet to be announced.
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