How to Find Out if You Qualify for IRS Stimulus Payments: What You Need to Know

Published by: Your Business Needs LLC

As we begin 2025, many Americans are still wondering if they are eligible for additional financial relief in the form of IRS stimulus payments. Since the onset of the COVID-19 pandemic, the federal government issued multiple rounds of stimulus checks to help individuals and families cope with the economic challenges. However, some people may still be eligible for payments through the Recovery Rebate Credit, which allows individuals to claim missed payments or underpayments from earlier rounds.

At Your Business Needs LLC, we want to ensure that everyone stays informed about the available financial support. If you missed out on any stimulus checks or think you might be eligible for additional funds, we’re here to break down the details of how to find out if you qualify for these payments.

What is the Recovery Rebate Credit?

The Recovery Rebate Credit is a government program designed to provide financial relief to individuals who didn’t receive the full amount of their eligible stimulus payments in previous rounds or who were not paid at all. The IRS has made provisions for people to claim these missed payments when they file their 2024 tax returns.

The IRS issued several rounds of stimulus checks in 2020 and 2021, but if you missed any of them or believe you were underpaid, the Recovery Rebate Credit allows you to claim those funds during tax season.

Who Is Eligible for the Recovery Rebate Credit?

Eligibility for the Recovery Rebate Credit is primarily based on your income, filing status, and whether you have dependents. For example, in 2021, individuals with an adjusted gross income (AGI) under certain thresholds were eligible to receive stimulus checks:

• Single filers with an AGI of $75,000 or less.

• Married couples filing jointly with an AGI of $150,000 or less.

• Head of household filers with an AGI of $112,500 or less.

Those whose income exceeded these limits may have still received partial payments, or if you had dependents, your eligibility for a larger check may have increased.

How to Check If You Qualify

If you think you may have missed a payment or believe you’re owed additional stimulus funds, here are some simple steps to check if you qualify for the Recovery Rebate Credit:

1. Review Your Tax ReturnsThe first step is to check your most recent tax returns (2021). If you filed a return but did not receive the full amount of your stimulus payment, you may be able to claim the Recovery Rebate Credit when you file your 2024 tax return.

2. Use the IRS "Get My Payment" ToolThe IRS offers an online tool called “Get My Payment,” which allows you to track the status of your stimulus payments. This tool can be particularly helpful in confirming whether or not you have received any payments and how much you are owed.

3. Check for Missed PaymentsIf you did not receive one or more of your stimulus payments, it might be because the IRS didn’t have your correct information, or you may have missed an update. Double-check your records and ensure your filing status, dependents, and contact details are accurate.

4. Consult a Tax ProfessionalNavigating the complexities of stimulus payments and tax credits can be overwhelming. If you’re unsure about your eligibility, a tax professional can provide guidance and help you maximize the funds you may be entitled to.

At Your Business Needs LLC, we have a team of tax experts who can help you assess whether you qualify for any outstanding stimulus payments and ensure you receive the full benefits you're entitled to.

Why It’s Important

Stimulus payments can provide vital financial relief, especially for individuals and families who are still recovering from the economic impacts of the pandemic. Whether you're facing rising costs of living or dealing with lingering financial challenges, these funds could be the support you need to ease financial burdens.

By staying informed and filing your taxes correctly, you can ensure that you don’t miss out on any payments you’re owed. The Recovery Rebate Credit is an opportunity to claim funds that may have been overlooked in the past.

How Your Business Needs LLC Can Help

At Your Business Needs LLC, we are committed to helping individuals and small businesses navigate financial complexities. Whether you need help determining if you qualify for the Recovery Rebate Credit or require assistance with your overall tax strategy, our team is here to support you.

We specialize in helping clients maximize tax credits, secure the financial relief they deserve, and provide expert guidance on all aspects of tax filing and financial planning.

Contact Us Today

If you want to find out if you qualify for IRS stimulus payments or need help with any other financial concerns, don’t hesitate to get in touch. Our team at Your Business Needs LLC is ready to provide personalized assistance and answer any questions you may have.

About Your Business Needs LLC

At Your Business Needs LLC, we offer comprehensive financial services for individuals and small businesses across the United States. Whether you need help with tax planning, financial strategies, or other business needs, we’re here to provide the guidance and expertise you need to achieve your goals. Let us simplify your finances so you can focus on what matters most.