Millions of people have not yet received quarantine financial assistance: only 2 weeks left

Time to receive financial assistance due to COVID-19 is running out - only 2 weeks left to register and receive money. According to the Internal Revenue Service (IRS), college students and low-income adults may be among those who are eligible for financial aid but have not yet taken advantage of it. How not to miss your check, the publication told CBS News.

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IRS officials said they plan to contact people who may be eligible for financial assistance on November 10 and remind them to act quickly to complete their registration by November 21. Under the CARES Act, each eligible taxpayer will receive $1 and married couples filing jointly will receive $200, with an additional $2400 per dependent under age 500.

About 9 million people had to register through the tool Non-Filersto be eligible for checks, with IRS staff sending letters in the mail to alert them of the money. This number includes those who do not need to file an annual tax return (for example, some seniors, low-income families, or college students who were not reported as dependents by their parents).

These people were unable to go through the IRS system to get proper checks as soon as possible. The agency relied on the most recent tax returns, which included either bank details for direct deposits or home addresses for paper checks, to determine where to send money. And this has become a problem for adults who do not file tax returns.

College students may also be among those who did not receive a check, although they have every right to do so, the IRS said.

“College students should pay attention to this so they don't miss out on benefits if they are self-supporting and cannot be claimed as a dependent,” said IRS Commissioner Chuck Rettig.

On the subject: Amounts, criteria and schedule: what is known about the second round of quarantine financial aid

Adults who don't normally file tax returns may have received a registration letter from the IRS for a incentive audit. But the FTC has warned consumers to be careful if someone calls, sends an email or text message claiming to be from the IRS and offers to help people get their money. Such reports are fraudulent, the FTC said, noting that the IRS is not contacting consumers about payments through these channels.

Next round of payments

When registering on the IRS website, non-tax fillers must provide their bank account information in order to receive money by the end of the year. Those who do not provide bank account information will receive a check in the mail.

However, if eligible individuals are unable to register by November 21st and have not yet received a check, they will have to file a federal tax return to claim payment from the IRS. In some cases, this may mean waiting for the filing of the tax return for the current 2020 tax year in early 2021.

However, simply getting a letter from the IRS about incentive payments does not guarantee that you will be eligible for them, the agency said. Some people are excluded from payments, such as immigrants without a green card.

While the IRS is trying to track those who have not yet received financial aid, millions of Americans are eagerly awaiting the next round of incentive payments.

Hopes for a new round of COVID-19 relief remain in limbo as vote counts continue on the battlefield in key states for the November 3 presidential election. According to analysts, the fate of the talks on stimulating the economy is likely to depend on the election results.

Read also on ForumDaily:

Amounts, criteria and schedule: what is known about the second round of quarantine financial aid

Immigrants in Washington will receive $ 1000 quarantine financial aid

New round of financial aid: what did the Republicans and Democrats agree on

Another 9 million Americans are eligible for quarantine financial assistance, but may lose it due to slowness

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