Those eligible will have until September 30 to enter their information online. They can expect the payments to be issued by mid-October, the IRS said Friday.
Many Social Security beneficiaries, as well as Railroad Retirement and veterans pension recipients, are not required to file tax returns because their income is below the filing threshold. While those people received their $1,200 stimulus payment automatically, they may have missed out on the extra $500 due per dependent because the IRS didn’t have that information on file.
It put the families of an estimated 600,000 child dependents at risk of missing out on the payment, according to an estimate from the Center on Budget and Policy Priorities.
Those who missed the April deadline, but used the non-filer tool by May 5 won’t have to take further action and can also expect to receive the additional cash in October, the IRS said.
Those who received their original payment by direct deposit will get the extra money deposited to the same account. Others will receive a check.
Any beneficiary who misses the September 30 deadline will need to wait until next year and claim it as a credit on their 2020 federal income tax return.