By the end of this month, taxpayers could receive a stimulus check of up to $1,400, depending on how they file their 2021 tax returns.
the Internal Revenue Service It announced in December that it would distribute about $2.4 billion — up to $1,400 per person — in stimulus checks to American taxpayers who had not claimed aid. Refund credit discount on their 2021 tax returns.
According to IRSthis round of stimulus checks was created after the agency reviewed internal data showing that many eligible taxpayers who filed a 2021 tax return did not claim the Recovery Recovery Credit, a refundable credit for individuals who did not receive one or more Impact Payments. Economic. More commonly known as stimulus payments.
Here’s what to know about the IRS’s latest round of stimulus checks and who is eligible to receive them.
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Taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns are eligible for the latest stimulus check.
Taxpayers can check whether they have claimed this credit by looking at their 2021 tax returns and checking whether they left the Rebate Rebate Credit field blank or filled it out with $0.
Taxpayers do not need to take action to receive their latest stimulus check. The IRS began sending payments automatically in December, and will continue through late January.
Eligible taxpayers will receive a letter notifying them of the payment, and payments will be automatically direct deposited or sent by paper check.
An eligible taxpayer may receive up to $1,400, according to IRS.
Taxpayers who did not file a 2021 tax return may still be eligible for a stimulus check if they file their returns and claim the Recovery Rebate Credit by April 15, according to IRS.
Greta Cross is a national correspondent for USA TODAY. Follow her on X and Instagram @gretalcross. Story idea? Email her at gcross@usatoday.com.
This article originally appeared on USA TODAY: The IRS is distributing $1,400 stimulus checks through late January 2025