An estimated 9 million low-income Americans are eligible for stimulus checks but haven’t gotten them yet
An estimated 9 million Americans who make less than $12,000 a year may be eligible for pandemic relief checks but haven’t received them yet, and the clock is ticking if they want to get the money this year.
They have until Oct. 15 to claim the payment by registering with the Internal Revenue Service. If they fail to meet the deadline, they’ll have to wait until 2021 to get the payment, according to the IRS.
But these low-income Americans may want to think twice before registering to get the money, experts told MarketWatch. If they use the IRS portal to claim their stimulus payment now, they could be delayed in receiving an important federal benefit: the Earned Income Tax Credit.
The IRS is mailing letters to the 9 million individuals starting on Sept. 24 outlining details about eligibility and information on how to claim their stimulus checks.
“If you were