The IRS has already sent out all of the stimulus checks, but if you accidentally threw yours away or did not get the direct deposit you expected, you can still claim yours. Perhaps you got the incorrect amount sent to you and it wasn’t as much as you should have been paid, you can fix that easily as well.
There were 2 sets of Stimulus checks sent out. In March 2019 the CARES act was passed and gave Americans a cash payment up to $1,200 for adults or $2,400 for couples filing jointly and $500 for each child under 17. In December a $900 billion relief package approved payments of $600 for each child under 17.
If you believe the IRS sent you the wrong amount or you didn’t get your check at all, you can remedy it here: https://www.irs.gov/newsroom/recovery-rebate-credit . The Recovery rebate credit is a tax credit for any unpaid stimulus money you qualified for but did not receive. You claim this on tax form 1040 or 1040SR. Any money you qualify for will be added to your rebate, or taken off of what you owe from the IRS. You can file taxes using the IRS free tax software here: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free .
Perhaps the Stimulus check was not enough financial help to get you through hard times? You may be able to access the equity in your home with a reverse mortgage without a required monthly mortgage payment. If you would like to see what you or your client qualifies for, you may contact Robert Krepps rkrepps@hightechlending.com or toll-free at 877-567-7476.
Robert Krepps, NMLS #255191, at HighTechLending Inc. HighTechLending Inc, NMLS # 7147, is an Equal Housing Lender. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.
