The IRS will automatically send up to $1,400 to approximately 1 million taxpayers who missed out on the 2021 Recovery Rebate Credit. This credit was available to those who did not receive the full amount of COVID stimulus payments.
Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The funds will be directly deposited into eligible individuals' bank accounts or sent via paper check.The IRS announced it is distributing about $2.4 billion to taxpayers who did not claim a Recovery Rebate Credit on their 2021 tax returns. This credit was available to those who missed one of the COVID stimulus payments or received less than the full amount.
The IRS said it discovered many eligible taxpayers had not claimed the credit. The IRS continues to work hard to make improvements and help taxpayers,' said IRS Commissioner Danny Werfel in a statement online. 'These payments are an example of our commitment to go the extra mile for taxpayers. Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible. To minimize headaches and get this money to eligible taxpayers, we’re making these payments automatic, meaning these people will not be required to go through the extensive process of filing an amended return to receive it.'The payments for the 2021 Recovery Rebate Credit are only going to qualified taxpayers who filed a 2021 tax return, but where the data field for the Recovery Rebate Credit was left blank or was filled out as $0 when the taxpayer was actually eligible for the credit.Here’s how to check if you claimed the Recovery Rebate Credit on your 2021 tax returns:Check your tax return: Review your 2021 tax return and check for a line item related to the Recovery Rebate Credit. If you claimed it, you should see it listed there.Use IRS Online Account: Log in to your IRS Online Account. You can view your tax records, including any Recovery Rebate Credits claimed.Contact the IRS: If you're still unsure, you can contact the IRS directly for assistanc
IRS Taxpayers Stimulus Payments Recovery Rebate Credit Automatic Payments
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