The Internal Revenue Service (IRS) recently announced that it will extend the deadline to register for an Economic Impact Payment (EIP) to November 21, 2020. The EIP extension applies only to those who are not required to file taxes and have not yet received a payment. For taxpayers who requested a filing extension, the deadline to submit for EIP is still October 15, 2020.
In September, the IRS sent out nearly 9 million letters to people who may be eligible for the $1,200 payment, but don’t typically file a tax return. The new, non-filer Economic Impact Payment deadline gives them an additional five weeks to submit their information.
“We took this step to provide more time for those who have not yet received a payment to register to get their money, including those in low-income and underserved communities,” said IRS Commissioner Chuck Rettig.
Who Should Apply?
The IRS encourages people with incomes below $12,200 (singles), who cannot be claimed as a dependent by another taxpayer, to apply for an EIP. Couples with combined incomes below $24,400 may also be eligible. This includes those who may be experiencing homelessness or receive Social Security benefits. Applicants must be a U.S. citizen, permanent resident, or a qualifying resident alien. For the new November 21 deadline, the following must also be true:
- The applicant did not file a 2019 tax return;
- The applicant did not receive an Economic Impact Payment; and
- Did not previously register for EIP
Non-Filer Economic Impact Payment Tool
Non-filers who meet the eligibility requirements must go online and register with the IRS using the Non-Filers tool no later than November 21. After that date, the tool will no longer be available. Applicants will need to create an account by providing an email address and phone number, as well as establishing a user ID and password. To complete the process, the following information is also required:
- Name and mailing address
- Date of Birth
- Social Security number
- Bank account number (including routing number) – if requesting direct deposit
- Identity Protection Personal Identification Number (IP PIN) – if you have one
- Driver’s license or state-issued ID – if you have one
Those who have qualifying children must also provide their Social Security number or Adoption Taxpayer Identification Number. Applicants are strongly encouraged to select direct deposit as their payment method as this will speed delivery of the funds. Two weeks after submission, applicants may use the Get My Payment tool to track the status of their payment.
Help for Those With Unfiled Taxes
If you haven’t filed your 2019 taxes, time is running out. You must submit by October 15 to be eligible for the $1,200 EIP payment. Don’t leave money on the table. Contact Tax Defense Network today. We can help you get caught up with unfiled tax returns and ensure you get any Economic Impact Payment you may be due.