Individuals who do not normally have a filing obligation (non-filers) and have children under the age of 17 who also don’t have a filing obligation, have until 9:00 a.m. PST (12:00 p.m. EST) Wednesday, April 22, to visit the IRS “special non-filer tool” to enter information in order to add $500 per eligible child to their automatic payment of $1,200!
The $1,200 automatic payments will be starting soon for those receiving Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI) and Veterans Affairs beneficiaries. Those that fall into any of these categories and who didn’t file a tax return in the last two years, must act now to add $500 per eligible child under the age of 17 to that payment.
However, according to IRS COVID Tax Tip 2020-40, if you miss the deadline, the payment will be $1,200 and, by law, the additional $500 per eligible child amount would be paid in association with a return filing for tax year 2020.
To read the entire notice click here!