AMERICANS who have already filed their tax returns may be available for additional incentives.
A third round of payments worth up to $ 1,400 will be sent nationwide and will be processed nationwide in bank accounts.
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Americans could stand up for additional cash incentives if tax returns have already been filedPhoto credit: Getty
However, those who received their third check could receive a top-up payment if their economic situation changed over the past year.
These cash booster top-ups are designed to provide “extra” assistance to Americans owed on their 2020 tax returns.
You might be eligible if you didn’t qualify for full payment based on your 2019 tax returns but did so because of last year’s returns.
You may get an additional payment if you got married in 2020 or filed a joint application with gross income less than $ 150,000, Yahoo Finance reports.
This also applies to households that may have a new child listed as dependent for 2020.
If you haven’t filed taxes in previous years but you did last year, you may be eligible for extra cash.
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Americans could use the additional payment to invest in cryptocurrency or pay off outstanding debtsPhoto credit: Getty
But don’t rush to book a short vacation abroad with your additional payment as coronavirus lockdown restrictions vary across the world and uncertainty persists in the travel sector.
In the meantime, you may want to use the money to pay off some of your small debts or invest in cryptocurrency like Bitcoin.
If you want to test yourself as an entrepreneur, you can even use the money to start a business website.
Or you can put the money in a savings account.
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The extra cash is viewed as a “booster shot” of stimulus funds under President Biden’s $ 1.9 trillion Covid recovery package.
Earlier this month, the Internal Revenue Service (IRS) advised Americans to miss their mark-up payments to file the money by filing their 2020 tax returns.
The IRS is currently sending out stimulus checks on a weekly basis.
You can track your stimulus review using the Get My Payment tracker, which the IRS updates daily.
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