内容摘要：You may simply be able to pick up the phone and ask for a lower interest rate. LendingTree found that a majority of people who did that in 2024 were successful, and the average reduction was more than 6 points.

You may simply be able to pick up the phone and ask for a lower interest rate. LendingTree found that a majority of people who did that in 2024 were successful, and the average reduction was more than 6 points.

The Recovery Rebate Credit is a refundable credit for individuals who didn’t receive the Economic Impact Payments, also known as stimulus payments, during 2020 and 2021. A refundable tax credit is a credit you can get as a refund even if you don’t owe any tax.The IRS announced this initiative after reviewing its internal data and finding that many eligible taxpayers who filed a 2021 tax return didn’t claim the credit.

“To minimize headaches and get this money to eligible taxpayers, we’re making these payments automatic, meaning these people will not be required to go through the extensive process of filing an amended return to receive it,” said Werfel.If you qualify for the Recovery Rebate Credit you don’t have to take any action. The IRS plans sent letters to eligible taxpayers notifying them of the special payment. The payments went out automatically and should’ve arrived by direct deposit or check by late January. They’ll are being sent to the bank account listed on the taxpayer’s 2023 return or to the address IRS has on file.You still might be able to receive the money. However, taxpayers need to file a tax return and claim the Recovery Rebate Credit by the April 15, 2025 deadline, even if any income from a job, business or other source was minimal or nonexistent, according to the IRS.

There were three rounds of payments to households impacted by the pandemic, totaling $814 billion. IRS based the amounts that taxpayers received on their income, tax filing status and number of children or qualifying dependents.In March 2020, eligible individuals received up to $1,200 per income tax filer and $500 per child under the CARES Act. In December 2020, eligible individuals received up to $600 per income tax filer and $600 per child under the Consolidated Appropriations Act. In March 2021, eligible individuals received up to $1,400 per income tax filer and $1,400 per child under the American Rescue Plan Act.

The Associated Press receives support from Charles Schwab Foundation for educational and explanatory reporting to improve financial literacy. The independent foundation is separate from Charles Schwab and Co. Inc. The AP is solely responsible for its journalism.

The IRS is distributing about $2.4 billion to taxpayers who didn’t receive their COVID stimulus payments. By the end of January, approximately 1 million taxpayers will receive special payments of up to $1,400 from the IRS.Somaia Abu Amsha scooped small portions for her family, saying they have not had bread for over 10 days and she can’t afford rice or pasta.

“We don’t want anything other than that they end the war. We don’t want charity kitchens. Even dogs wouldn’t eat this, let alone children,” she said.Aid groups say the small amount of aid that Israel has allowed is far short of what is needed. About 600 trucks entered daily under the latest ceasefire.

Israel has said its slight easing of the blockade is a bridge until the new aid system it demands is put in place. The U.N. and other humanitarian groups have rejected the system, saying it enables Israel to use aid as a weapon and forcibly displace the population.Netanyahu told reporters the plan will begin “in coming days.”