Stimulus and child tax credit payments: You only have one day left to claim your money

If you haven’t yet claimed your missing stimulus money or child tax credit, you’re quickly running out of time to do so. The IRS reported in October that 9 million eligible families had still not claimed their payments. If you’re one of the millions who didn’t receive your money, you’ll need to act before the deadline.

For many who are still waiting for their payments, it is because they never filed a tax return, either because they are not required to or because they needed more time. The IRS used tax returns to determine eligibility for these two payments. And if you fall into any of these categories, the deadline for getting your money is almost here.

Keep reading to find out the deadline by which you must submit your simplified tax return to receive the stimulus payments or child tax credits owed to you. For more information, see if your the state sends stimulus checks this month.

When is the deadline for claiming stimulus money or child tax credit?

The deadline for claiming your money depends on whether you are required to file a tax return or not. You are generally not required if you are single and earn less than $12,550 per year.

You have until 11:59 p.m. ET on Thursday, November 17, to file a simplified tax return to claim your missing stimulus money or child tax credit if you are generally not required to file a tax return.

If you filed for a tax extension earlier this year or haven’t yet, your deadline to submit your tax return if you are required to file was October 17. It was also the last day to file Form 1040 to avoid a late-filing penalty.

If you have been affected by one of the recent natural disasters, such as Hurricane Ian, you have until February 15, 2023, to file. But if you live in an area covered by Federal Emergency Management Agency disaster declarations, such as Kentucky or Missouri, Tuesday, November 15 was the last day to drop off.

Child tax credit calculations

You could soon run out of your stimulus and child tax credit money.

Sarah Tew/CNET

Filed a tax return but still haven’t received your money? Here’s what else it could be

If you filed your taxes this year but still haven’t received your stimulus check or the child tax credit money you’re entitled to, there are other things that could be delaying it.

  • You don’t have a bank account set up.
  • It was your first time depositing.
  • You have a mixed household.
  • You have not updated your address with the IRS or USPS.
  • You experience homelessness.
  • Your Internet access is limited or non-existent.

If none of these reasons apply to you, it may be time to file a payment trail with the IRS either by calling 800-919-9835 or by submitting Form 3911.

How much money you could get from child tax credit and stimulus payments

Enhanced child tax credit: Up to $3,600 per child, or up to $1,800 per child if you received monthly payments in 2021.

First stimulus check: $1,200, sent April 2020.

Second stimulus check: $600, sent December 2020.

Third stimulus check: $1,400, sent March 2021.

Note that if you filed your taxes in 2021, you should have already received your money from the first two stimulus checks.

For more information, find out if your the state sends additional child tax credit payments.

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