With Tax Season now open in the United States, the IRS is already sending new stimulus checks to eligible citizens via the Tax Refund.
Whether or not you receive one of these direct payments is determined by a number of factors, but one thing is certain: if you have a low income, you are more likely to receive one of these payments each year.
The Tax Refund is simply the return of the taxes we have overpaid, so if we submit the Tax Return on time and the IRS approves, we can receive either a portion of the taxes already paid or the full amount on some occasions. Regardless, it is critical that we fulfill these obligations even if we do not receive a tax refund.
However, it is important to remember that Social Security benefits are typically low enough that you are not required to pay taxes. Also, keep in mind that the IRS has specific tax restrictions for certain groups, and retirees often face unique and special circumstances.
Can I get an IRS stimulus check in 2025?
Everything will be based on our gross annual income. Each group of Americans has a specific gross income limit. If our income exceeds that threshold, we must file our tax return with the IRS.
We will be able to benefit from this if our gross income does not exceed that amount, but we are not required to send the Tax Return.
So, here are the various categories and the minimum income for filing a tax return if you are under 65:
- If you are single, you are obliged to send your Tax Return if you earn 14,600 dollars or more.
- If you are thehead of the household, the limit rises to 21,900 dollars.
- If we send the documentation as a couple: $29,200 maximum if both are under 65 and $30,750 if only one is under that age.
- In the case of sending separate documentation but being married, the limit is $5.
- Finally, if our situation is that of a surviving spouse, the limit is $29,200.
Remember, we’re talking about gross annual income. In these cases, it is mandatory to file a tax return, but even with these income levels, it is possible that we will receive a tax refund from the IRS.
However, you must exercise caution in these cases and avoid planning your finances around the tax stimulus check, as it is possible that we will not receive it.
In any case, if we have any doubts, we should consult a specialist who can assist us in sending the necessary documentation to determine whether we have direct access to one of these IRS stimulus checks or not.