The holiday season just got a little brighter for many Americans. The Internal Revenue Service (IRS) has announced that it will be issuing over $2 billion in checks this month to ensure everyone receives their stimulus payments by 2021. If you didn’t get your payment, you could be getting up to $1,400 in the coming weeks.
In an internal review, the IRS found that many Americans never received the stimulus checks they were entitled to, which were meant to be sent out after the filing of 2021 tax returns. Because of this, the IRS is now issuing the money that is still owed to those taxpayers who didn’t get their payments.
While most eligible Americans did receive their stimulus checks, the IRS has identified that some individuals missed out. These are people who qualified for the payment but didn’t claim the recovery rebate credit when they filed their 2021 tax returns. If this applies to you, you might be getting a payment of up to $1,400.
The payments are set to be delivered by late January 2025 at the latest, so if you’re still waiting, you don’t have to wait much longer. The best part? You don’t need to do anything. According to IRS Commissioner Danny Werfel, these payments will be sent automatically. That means you won’t need to go through the hassle of filing an amended return to claim the credit. The money will show up.
“These payments are an example of our commitment to go the extra mile for taxpayers,” Werfel said. “Looking at our internal data, we realized that 1 million taxpayers overlooked claiming this complex credit when they were actually eligible. To minimize headaches and get this money to eligible taxpayers, we’re making these payments automatic.”
The $1,400 stimulus payments were part of a $1.9 trillion COVID-19 relief bill passed by the federal government. At the time, millions of Americans were eligible for the payments, and the money was meant to help families and individuals weather the financial storm caused by the pandemic.
To qualify for these checks, you needed to have made less than $75,000 in 2021 or $150,000 for a household. If you met these criteria but didn’t receive your payment, now’s your chance to get the money you’re owed.
For those who are wondering if they are eligible for the payment, the IRS has made it clear that the checks are being sent out to those who filed a 2021 tax return but left the recovery rebate credit section blank. As a result, the IRS is stepping in to automatically send out the money without requiring any additional steps from the taxpayers.
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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.
