If the IRS sent a previous stimulus check as an EIP card and plans to send you another payment the same way, you’ll receive a brand-new prepaid card with the calculated total for your third stimulus check.

Do I need to keep the EIP card?

No. EIP Cards issued for the first or second round of Economic Impact Payments are not being reloaded. If you received EIP Cards for round one or round two stimulus payments, they all have separate balances, and you should keep those earlier EIP Cards until the balance for each EIP Card reaches zero.

When do you get your tax refund if you claim EIC?

If you claim the EIC, your refund will be held until February 15, 2017. Even if you qualify for the EIC, get your W-2s early, and pair direct deposit with e-file, the IRS has already announced that refunds due on tax returns claiming the EIC will be held until February 15.

When to apply for earned income tax credit?

For the latest updates on coronavirus tax relief related to this page, check We’re reviewing the tax provisions of the American Rescue Plan Act of 2021, signed into law on March 11, 2021. You may qualify for the earned income tax credit (EITC) if you worked last year but earned a low or moderate income.

Do you have to have a SSN to get an EIC?

There’s no retroactivity when you obtain a Social Security number (SSN) that is valid for employment. To qualify for the EIC, you must have a valid SSN. Previously, taxpayers who obtained a valid SSN could amend prior year tax returns (if the year was within the timeline for claim for refund and all other qualifications were met).

Can a person be barred from claiming EIC?

If that is not motivation enough to make sure you meet every EIC requirement, don’t forget that the IRS can bar someone from claiming EIC for two years if it finds that an error was due to reckless or intentional disregard of EIC rules, or for 10 years if it finds that person has fraudulently claimed the credit.