$4,983 Direct Deposit in April 2025 – Eligibility Requirements and How to Track Your Claim

$4,983 Direct Deposit in April 2025 – As April 2025 approaches, discussions have intensified about a potential $4,983 direct deposit payment. Many people want to know who will actually receive this payment and who will be eligible for it. In this article, we will understand in detail the truth of this potential payment, eligibility criteria and ways to check the claim status.

The reality of $4,983 Payment

The Internal Revenue Service (IRS) recently announced that more than 1.1 million taxpayers from the 2021 tax year have more than $1 billion in unreceived refunds lying around.

On average, these refunds amount to $781, but some taxpayers may receive more than this.

Although $4,983 is not a standard tax refund amount, taxpayers may receive such a large amount under certain circumstances.

This refund can be received by individuals who qualified for tax allowances, income tax deductions, and tax credits in 2021.

How is a payment of up to $4,983 possible?

If a taxpayer is receiving an amount of around $4,983, there are several possible reasons behind it.

1. Earned Income Tax Credit (EITC)
   • The Earned Income Tax Credit (EITC) is an important tax benefit for low-to-middle income workers.
   • In the 2021 tax year, if a person had three or more dependent children, they could be eligible for an amount of up to $7,830.
   • This credit is for people who fall within the taxpayer income range and have responsibility for qualifying children.
     
2. Recovery Rebate Credit
   • People who missed out on previous economic stimulus payments can claim the Recovery Rebate Credit.
   • This credit can be up to $1,400 per person, which can increase the total refund amount of taxpayers.
     
3. Child Tax Credit (CTC)
   • Families who could not receive advance child tax credit payments in 2021 can claim it by filing returns.
   • Up to $3,600 per child can be received under this credit.

Eligibility Criteria

If a person wants to get a larger refund amount based on these tax credits, he must meet the following eligibility criteria.

1. Income Thresholds
   • Each tax credit has a corresponding income limit.
   • In 2021, the EITC requires a single taxpayer with three children to have an adjusted gross income (AGI) of less than $50,594 to claim this credit.
   • This limit may vary for other taxpayers.
     
2. Filing Status
   • It is essential that taxpayers select the correct filing status to claim tax credits.
   • There are different credit qualifications for single taxpayers, married filing jointly, and Head of Household.
     
3. Number of Dependents
   • The more qualifying children you have, the more likely you are to receive a tax rebate or refund amount.

How to get your refund?

If you want to get your refund for the 2021 tax year, follow the following steps.

1. File a 2021 tax return
   • Even if you don’t usually file a tax return, you must file a 2021 tax return if you want to claim a refund.
     
2. Keep track of the deadline
   • The IRS has set a deadline of April 15, 2025, for filing 2021 tax returns and claiming unrefunded refunds.
     
3. Collect the required documents

Get the following documents ready before filing a return:

• W-2 form (for wage earners)
• 1099 form (for independent contractors and other sources of income)
• Record of child tax credit payments

How to check your claim status?

If you have filed your tax return and want to know where your refund is, follow the following steps.

1. Use IRS online tools
   • You can check the status of your refund using the “Where’s My Refund?” tool on the IRS’s official website.
     
2. Download the IRS2Go mobile app
   • With the IRS2Go app, you can easily check the status of your refund on mobile.
     
3. Contact the IRS Helpline
   • If you have any doubts, you can contact the IRS toll-free number and get information on the status of your refund.

Conclusion

The direct deposit amount of $4,983 is not a standard payment, but various tax credits and unreceived refunds associated with the 2021 tax year can make it possible.

Taxpayers who are eligible for the Earned Income Tax Credit, Recovery Rebate Credit, or Child Tax Credit can get close to this amount.

The deadline for filing tax returns is April 15, 2025, so confirm your eligibility and take the necessary steps before this deadline.

FAQs On $4,983 Direct Deposit in April 2025