As of January 24, the Internal Revenue Service (IRS) began receiving tax returns for the 2021 tax year.
The deadline to complete the process is April 18, unless you request a personal extension from the government agency, if so, you can delay the process until October this year.
In addition to informing the IRS of your income and the respective taxes you paid on it, your tax return is also used to request some of the tax aid or credits offered by the agency in charge of collecting taxes.
Among the main aids offered by the IRS is the Child Tax Credit, which offers a payment of $3,000 to $3,600 dollars, depending on the age of your dependents, as long as they are under 17 years of age.
If you're a parent who has to pay for child care while you work, the IRS offers you up to $16,000 through the Child Care Credit. To do this, you must present some type of proof.
There is also the Earned Income Tax Credit which offers low and moderate income taxpayers a payment of $1,502 up to $6,728 depending on their needs.
Previous stimulus checks
If you did not receive your third stimulus check in 2021 and now meet the eligibility requirements, you can claim the missed payment through the Refund Recovery Credit.
The IRS will send letter 6475 to anyone who is eligible, so keep an eye on your mailbox and save the notice once you receive it.