The IRS is urging taxpayers to act quickly as the April 15 deadline approaches—not just for filing taxes, but also to claim unclaimed pandemic-era stimulus payments. According to the agency, more than one million people may still qualify for a $1,400 stimulus check under the 2021 Recovery Rebate Credit. This final opportunity applies primarily to individuals who either didn’t file a federal tax return for 2021 or left the section for the recovery rebate credit blank. If eligible, these individuals can still receive the full $1,400 payment by filing a 2021 return by Tax Day.
How to Claim Your Stimulus Check
To determine eligibility, taxpayers must review their 2021 financial records and complete their federal tax return if they haven’t already. This is the only way to access the unclaimed stimulus funds. “If you didn’t file, or if you missed the recovery rebate section, there’s still time to correct that,” tax experts emphasize. Missing this window means forfeiting the payment permanently, as no further extensions will be granted.
What to Do If You Can’t Pay Your Tax Bill
April 15 is also the official due date for any taxes owed for 2023. Financial advisor Craig Kirsner of Kirsner Wealth Management recommends paying as much as possible by the deadline—even if the full amount is out of reach. “If you can’t pay your full tax bill, don’t panic,” Kirsner said. “You have options.” One such option is using a zero-interest or low-interest credit card to pay off your taxes and avoid additional IRS penalties and interest fees. If credit cards aren’t viable, the IRS also provides payment plans that allow taxpayers to gradually settle their bills.
Payment Plans and Long-Term Relief Options
For those who need more time, the IRS offers a short-term payment plan, which allows individuals to pay their taxes over a 60 to 120-day window. Applying for this plan can be done online and typically takes just minutes to receive approval. Another available option is an offer in compromise. This allows taxpayers to negotiate a lower payment amount with the IRS based on their financial situation. While this route does require a detailed application and may involve a payment plan, it can significantly reduce total liability for those in genuine hardship. Taxpayers surprised by how much they owe this year are encouraged to review their tax returns for potential errors and consider adjusting withholdings or making estimated payments for future tax seasons. Those with 1099 income in particular should consider setting aside funds throughout the year.
Extension Doesn’t Delay Payment Deadline
Filing for a tax extension may give you until October to submit your return, but the payment deadline remains April 15. If you don’t pay on time, you could face penalties and interest. Taxpayers who disagree with the amount owed can contact the IRS Taxpayer Advocate Service or go through the IRS appeals process to dispute penalties.
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