THE IRS might still owe you more stimulus money.
There are multiple reasons why some people haven't received their full $1,200 from the third batch of checks, according to CNET.
For instance, the IRS may have processed someone's 2019 tax return before receiving their 2020 tax forms. If this is the case, the IRS said it will automatically evaluate if an individual qualifies for more money.
Then, the IRS will send out a new payment to make up for the difference.
If an individual had a child last year, or claimed a new dependent on their taxes, the IRS will automatically send out another payment.
The IRS is considering a way to file for missing stimulus checks before the new deadline of December 31.
Previously, the second batch of stimulus checks were rolled out within 17 days, which caused problems with direct deposits.
Some of the stimulus checks were sent to unfamiliar bank accounts, and some of the money went to "pass through accounts" set up by companies like TurboTax and H&R Block.
The government, hoping to avoid previous problems, now has a 9-month window to get the money into the right hands.
But if not, Americans might have to wait until 2022 to claim their stimulus check.
There have already been huge delays for stimulus checks, including veterans who still might not have received anything.
This week, the third round of stimulus checks went out for veterans who receive benefits and don't file taxes.
However, people who need the stimulus money the most may not get it for a while. And there have been problems distributing checks to low-income individuals.
The IRS created a simple online form that allowed low-income people who were not usually required to file tax returns to provide their contact information to the agency, CNN reported.
But this handy tool is now gone.
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