$4,983 Direct Deposit Coming in April 2025 – Are You Eligible?

As April 2025 approaches, one particular piece of news is making the rounds — the possibility of a direct deposit payment of $4,983. Social media is abuzz with the news, but many are confused about who will get the money, why, and how.

In this article, we’ll explain what the amount is, who qualifies, and how you can claim it.

What’s the truth behind the $4,983 payment?

• The IRS (Internal Revenue Service) — the US income tax department — recently reported that more than 1.1 million taxpayers’ refunds for the 2021 tax year have not yet been claimed, totaling more than $1 billion.
• According to the IRS, on average, each individual can get a refund of about $781, but in some cases, the amount can be $4,983 or more if the individual has properly taken advantage of tax credits and deductions.
• It is important to understand that $4,983 is not a fixed refund amount, but some taxpayers may receive such a large amount under certain circumstances.

What causes the refund amount to reach $4,983?

The following tax credits and recovery benefits can cause the refund to increase:

1. Earned Income Tax Credit (EITC)
   This credit is for low or middle-income workers. In 2021, if a taxpayer has three or more qualifying children, he or she can get a credit of up to $7,830.
2. Recovery Rebate Credit
   Those who missed out on COVID-19 stimulus payments can claim this credit in their 2021 tax filing. This amount can be up to $1,400 per person.
3. Child Tax Credit
   Families who did not take the advance child tax credit in 2021 can get the full credit at the time of filing.

When all of these credits are combined, some taxpayers’ refunds can reach $4,983 or more.

Your last chance to claim an IRS stimulus check is approaching

Who is eligible?

Your eligibility depends on the following factors:

• Income Thresholds:
  For credits like the EITC, your Adjusted Gross Income (AGI) must be below a certain threshold.
  For example, in 2021, if you are a single filer and have three children, your AGI must be less than $50,594.
• Filing Status:
  Your tax filing status — such as single, married jointly, or head of household — also affects the amount of the credit.
• Number of Dependents:
  The more children or dependents you have, the more tax credit you can get.

How to claim your refund?

If you haven’t filed your 2021 tax return yet, it’s not too late. The IRS has given you until April 15, 2025, to claim your refund due.

Steps to take:

• File your 2021 tax return:
  Even if you have a low income and don’t usually need to file taxes, filing is still important.
• Gather all the necessary documents:
  Such as W-2s, 1099s, and information related to the child tax credit.
  File online or get help from a tax professional.

How to check the refund status?

• Visit the IRS website:
• You can check the status of your refund with the help of the “Where’s My Refund?” tool.
• Download the IRS2Go app:
  The official mobile app of the IRS helps in tracking refunds easily.
• Contact IRS:
  If you can’t find the information online, you can call the IRS toll-free number.

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Note: This information is based on IRS estimates and may change over time.

Conclusion

If you haven’t filed your 2021 tax return yet, this is your last chance to do so. The $4,983 figure is likely just an estimate, but with the right credits and documentation, you could still get a bigger refund.

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