IRS Distributes $2.4 Billion in Stimulus Checks to Eligible Taxpayers
The Internal Revenue Service (IRS) is distributing $2.4 billion in stimulus checks to approximately 1 million U.S. taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns. These payments, which began in December 2024 and will continue through late January 2025, are part of a special initiative to ensure eligible individuals receive funds they were entitled to during the COVID-19 pandemic.
Eligible taxpayers include those who filed a 2021 tax return but either left the Recovery Rebate Credit field blank or entered $0, despite qualifying for the credit. The maximum payment is $1,400 per individual, with married couples potentially receiving up to $2,800 and families with dependents eligible for up to $5,600. Payments are being issued automatically via direct deposit or paper check, and recipients will receive a notification letter from the IRS.
Taxpayers who have not yet filed a 2021 tax return have until April 15, 2025, to do so and claim the Recovery Rebate Credit. The IRS emphasized that no action is required for those already eligible, as payments are being processed automatically. This initiative follows an internal review by the IRS, which identified that many eligible taxpayers had overlooked claiming the credit due to its complexity.
The Recovery Rebate Credit was established to provide financial relief to individuals who did not receive one or more Economic Impact Payments (stimulus checks) during the pandemic. The IRS aims to minimize administrative burdens by issuing these payments without requiring taxpayers to file amended returns. This effort underscores the agency’s commitment to ensuring taxpayers receive the financial support they are owed.
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