IRS to Distribute $2.4 Billion in Unclaimed Stimulus Payments to Eligible Taxpayers
One million Americans will receive up to $1,400 automatically after failing to claim the 2021 Recovery Rebate Credit.
- The IRS identified approximately one million taxpayers who were eligible for the 2021 Recovery Rebate Credit but did not claim it on their tax returns.
- Automatic payments of up to $1,400 per person will be distributed by late January 2025 via direct deposit or paper checks, with no action required from eligible recipients.
- The payments are intended for individuals who left the Recovery Rebate Credit field blank or entered $0 on their 2021 tax returns despite being eligible.
- Taxpayers who have not yet filed their 2021 tax returns can still claim the credit by submitting their returns by April 15, 2025.
- The total amount of payments being distributed is estimated at $2.4 billion, part of the IRS's effort to ensure eligible taxpayers receive pandemic-related benefits.