The IRS is sending out leftover stimulus payments to taxpayers who never claimed the 2021 Recovery Rebate Credit or received less than the full amount.
A small number of taxpayers will be receiving a special payment from the IRS in the coming weeks. This payment is formally called the 2021 Recovery Rebate Credit. It was one of three COVID stimulus payments sent to households during the pandemic. In March 2021, eligible individuals received up to $1,400 per income tax filer and $1,400 per child under the American Rescue Plan Act.
Recently, the IRS has identified a very small number of taxpayers who never claimed this credit, or received less than the full amount, and is sending out what’s owed. The IRS said most taxpayers eligible for the federal stimulus payments, formally known as Economic Impact Payments, have already received them, but that approximately 1 million taxpayers did not claim the credit.The unpaid credits are being sent to taxpayers who filed a 2021 tax return but left the entry field for the Recovery Rebate Credit blank or they filled it out as $0 when they were actually eligible for the credit. Payments will vary but the maximum amount will be $1,400 per individual. Payments are disbursing automatically and should arrive by direct deposit or check by the end of the month. They'll be sent to the bank account listed on the taxpayer's 2023 return or to the address IRS has on file. Eligible taxpayers don't have to take any action
IRS STIMULUS PAYMENT TAXPAYERS CREDIT
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