HELPING THOSE WITHOUT AN ADDRESS

July 12, 2021 - Douglas Myser

Helping those without an address. The IRS is urging community groups, employers, and others to share information about those without a permanent address, so they may qualify for the Child Tax Credit and any other Tax Credits they may be eligible for. Other programs designed for homeless people, and other programs designed to serve the needy need contact information to truly be effective, and to make contact with many of the individuals they need to serve. Economic impact payments, also known as stimulus payments, are different from most other tax benefits, people are eligible for the payments even if they have little or no income and even if they don't usually file a tax return. This is true as long as they have a Social Security number and are not being supported by someone else who can claim them as a dependent. For anyone who missed out on the first two rounds of economic payments, it's not too late. Helping those without an address.

However, filing a 2020 fax return is the only way, if they're eligible, to get money from the first or second payment now. People will need to claim the 2020 Recovery Rebate Credit. Most people who don't usually file can use IRS free file to provide very basic information. There's even a special section on IRS.GOV that can help: Claiming the 2020 Recovery Rebate Credit if you aren't required to file a tax return. No Tax Resolution Services needed for those with no income to claim. When the individual answers the questions in Free File, they may also find than they're eligible for other tax credits which may mean a bigger tax refund. The IRS will process the tax return and issue a refund. The individual can expect two payments because the 2020 Recovery Rebate Credit is paid as part of the tax refund. After the refund is paid, if they're eligible, they'll get another payment shortly afterward for the third Economic Impact Payment.