I’m not sure whether you’re aware, but you might be losing out on precious money, juicy checks from the Internal Revenue Service (IRS) that you may not have claimed and must seek RIGHT NOW if you don’t want to lose them forever. We all know that “IRS” often equals “boring,” but this is not the case, I guarantee you.
As of today, the IRS has over $1 billion in unclaimed tax refunds from tax year 2021. Yes, you read it correctly: a billion dollars belongs to taxpayers. If you did not submit your tax return that year, you might still be eligible for part of the money. The average amount individuals are passing up is roughly $781, however keep in mind that this is in addition to any other credits you may be able to claim.
Claim this tax refund before March 15, or the IRS will take it away from you forever
The essential information here is the date, which ends shortly, to collect this money that is lawfully yours: you have until April 15, 2025, with no time extensions.
If you do not finish the process, you will lose your money. Literally. After that date, the cash automatically belongs to the US Treasury, and you will not be able to get it back. The good news is that if you haven’t already submitted your 2021 return, you still have time.
Find your documents, check for missing items, and move. The IRS has online tips to assist you, but if you’re stuck, an accountant can help.
Other stimulus checks were sent during Donald Trump’s first term, during the COVID-19 epidemic, although many of individuals in the United States never claimed them.
The IRS is looking for those who are missing, and if you did not submit your 2021 report, you may be on the list of those who have not to collect their share. So far, there are two checks with your name on them, and you may not have even realized you needed to cash them!
How to claim the 2021 $1,400 stimulus check?
The situation is as follows: if you did not get one or more stimulus payments (including the well-known EIP), you are eligible for the Recovery Refund Credit. The maximum amount is $1,400 per person, depending on your circumstances. The IRS has already distributed practically everything, however if you fit under this group, you can still use the system. Of course, the deadline remains the same: April 15, 2025.
Finding out whether you apply is simple: if you haven’t already filed your 2021 taxes, start there. whether you have previously submitted them but have not claimed the credit, check to see whether you are eligible. The IRS website includes resources for verifying your eligibility. And if you don’t understand anything, don’t worry: contact customer support or a professional.
DOGE Dividends: What do we know about the proposed $5,000 stimulus payments to Trump?
Now, let’s speak about something that’s been going around online: the concept that the government may deliver $5,000 cheques owing to savings from a certain Department of Government Efficiency (DOGE). Donald Trump proposed dispersing money as a dividend to citizens.
According to James Fish back of Azoria Partners, the situation would be as follows: if DOGE saves 2 billion (yes, with a b), 20% of that would be enough to pay $5,000 each property. Sounds good, doesn’t it? But…
Here’s the big but: this is just a suggestion. It’s not a legislation, there are no set dates, and it’s unclear if DOGE exists as a legitimate company. Trump acknowledged it, Fish back discussed it on FOX News, and a website (mydogedividend.com) exists, but there have been no official updates. We will be on the lookout for further information and will assist you in determining if you are eligible to receive the $5,000 if the plan is carried out.