Starting 2025 on a positive note, the IRS has announced that eligible Americans will be receiving stimulus checks in the coming weeks.
If you missed claiming the Recovery Rebate Credit in 2021, you might be in for a surprise with up to $1,400 in your bank account! Keep reading to learn how you can check if you’re eligible and what steps you need to take to get this money fast.
What Is the Recovery Rebate Credit?
You might be wondering, “What is the Recovery Rebate Credit, and why should I care?” It’s a tax credit for people who did not receive the economic impact payments (also known as the stimulus checks) from the government during the pandemic.
If you filed your tax return in 2021 but did not fill out the credit form or accidentally left it at $0, you could be missing out on the money you are owed. Thankfully, the IRS is now stepping in to fix this, and you could get up to $1,400 this year!
How Do You Know If You’re Eligible?
The IRS is taking care of this process automatically, but here are a few things you should know:
- You missed the Recovery Rebate Credit in 2021 – If you didn’t claim it on your tax return or made an error when filing, you could be eligible for an automatic payment.
- You meet the income requirements for 2021 – If you qualified for the payment but forgot to claim it, you may still get the check.
- You filed with errors in the credit section – If your tax return had a mistake or you skipped the section on the Recovery Rebate Credit, the IRS has spotted it, and they are now correcting it for you.
If any of these sound familiar, there’s no need to worry! The process is automatic, so if you qualify, you’ll get the money with no action required from you.
How Much Money Are We Talking About?
Depending on your situation, you could receive up to $1,400 per person. This is part of a massive $2.4 billion stimulus package that will be spread across the nation.
Whether it’s for saving, paying bills, or treating yourself, that extra money can make a difference – especially when it comes in January!
You Don’t Have to Do Anything – It’s Automatic!
Good news: if you qualify, you don’t have to lift a finger! The IRS will automatically send the stimulus payments to the bank account you used to file your taxes, or if they don’t have that information, they will send you a check in the mail.
This means that if you’re eligible, the money will come to you without any extra effort. All you need to do is make sure your information with the IRS is correct.
Didn’t File Taxes in 2021? No Problem!
What if you didn’t file taxes in 2021? Don’t worry, you still have time to claim your Recovery Rebate Credit. The deadline for filing your 2021 tax return and requesting this credit is April 15, 2025.
Here’s how you can catch up:
- Visit the IRS website and download the 2021 tax return form.
- Fill out your return and include the Recovery Rebate Credit.
- Submit your form before the April 15, 2025 deadline.
It’s not too late to claim your money, but you’ll need to file your return soon to get the credit!
When Will the Money Arrive?
The IRS has already started sending out payments in December 2024, and by the end of January 2025, everyone who is eligible should have received their money.
You will also get an official notice from the IRS that tells you the exact amount you will receive and how it will be delivered.
If by February 2025, you still haven’t seen anything in your bank account or received a check in the mail, it’s important to check the information you provided to the IRS. Make sure all the details are correct, and if needed, reach out to the IRS to resolve any issues.
What to Do If You Don’t Get the Money?
If you haven’t received your stimulus payment by February, it’s time to check your tax information. Here are a few things you can do:
- Review the information you provided to the IRS when you filed your tax return.
- Make sure your direct deposit details are correct or that your mailing address is up-to-date.
- If you still don’t see the payment, contact the IRS for help.
The IRS is aware of these issues and will work to resolve any mistakes quickly.
Why Should You Act Now?
Don’t miss out on this chance to get money that belongs to you. The IRS is sending these payments to help people who didn’t get the stimulus checks they were entitled to, so it’s a great opportunity to boost your savings, pay off debts, or simply enjoy the extra cash.
By acting fast, you can start your year with some extra money in your pocket – just in time for all your plans in 2025!
Final Thoughts
It’s always great to start the year with good news, and the IRS is giving you a chance to claim a payment that you may have missed in 2021.
If you qualify, the process is easy, and you’ll receive your payment automatically. So, don’t wait – check your eligibility today and look forward to your $1,400 stimulus check soon!
Note- Every piece of content is rigorously reviewed by our team of experienced writers and editors to ensure its accuracy. Our writers use credible sources and adhere to strict fact-checking protocols to verify all claims and data before publication. If any error is identified we promptly correct it and strive for transparency in all updates.
Archer Bannister is a journalist with 4 years of experience covering hard-hitting stories. Currently working with Mikeandjonpodcast, Archer specializes in delivering timely and in-depth updates on a variety of topics, including crime news, politics, and national issues affecting the USA. His expertise and dedication to delivering accurate, impactful news make him a trusted voice for audiences seeking to stay informed on critical topics.
