Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. These payments are being distributed to eligible taxpayers who failed to claim the Recovery Rebate Credit on their 2021 tax returns. The IRS discovered that many eligible taxpayers had not claimed the credit, which allowed them to receive missed or partial COVID stimulus payments.
FILE - This April 13, 2014, file photo shows the Internal Revenue Service headquarters building in Washington. Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail by a paper check.
“Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible,” IRS Commissioner Danny Werfel said in a statement.What’s the likelihood I’ll receive a check? The special payments announced by the IRS are being sent to those taxpayers who filed a 2021 tax return but left the data field for the Recovery Rebate Credit blank or they filled it out as $0 when they were actually eligible for the credit.Eligible taxpayers don’t have to take any action. The payments will go out automatically this month and should arrive by direct deposit or check by late January 2025.
IRS Taxpayers Stimulus Payments Recovery Rebate Credit COVID-19
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