IRS to Automatically Disburse $2.4 Billion in Stimulus Checks to Eligible Taxpayers
The Internal Revenue Service (IRS) has announced that eligible U.S. taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax return may receive automatic stimulus checks by the end of January 2025. This decision follows an internal review revealing that approximately one million taxpayers overlooked this credit, which is intended for individuals who did not receive all Economic Impact Payments.
IRS Commissioner Danny Werfel stated, "To minimize headaches and get this money to eligible taxpayers, we're making these payments automatic." Taxpayers will not need to file any amendments to receive their funds, which could amount to a maximum of $1,400 per qualifying individual.
Eligible taxpayers are advised that they do not need to take any action; payments began in December 2024 and are expected to continue through January 2025. Notifications will be sent via mail, and funds will be disbursed through direct deposit or paper checks.
Those who did not file a 2021 tax return may still claim the Recovery Rebate Credit by submitting their return before the April 15, 2025 deadline. It is essential for these individuals to file a tax return to access the credits, even if their income was minimal.
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