IRS to Issue $1,400 Payments to 1 Million Eligible Taxpayers
The IRS is automatically sending payments to taxpayers who missed claiming the 2021 Recovery Rebate Credit, with most checks arriving by late January 2025.
- Approximately 1 million taxpayers will receive up to $1,400 each, totaling $2.4 billion in payments, as part of a review of unclaimed 2021 stimulus funds.
- The payments are being sent automatically to those who filed 2021 tax returns but left the Recovery Rebate Credit field blank or entered $0 despite being eligible.
- Eligibility is based on income thresholds from the 2021 tax year, with the full $1,400 available to individuals earning $75,000 or less and couples earning $150,000 or less.
- Taxpayers who have not yet filed their 2021 returns can still qualify for the credit if they file by the April 15, 2025 deadline.
- Payments will be delivered via direct deposit or paper check, with recipients also receiving a letter from the IRS confirming their eligibility and payment details.