Stimulus Alert: IRS to Distribute $1,400 Stimulus Checks to 1 Million Taxpayers by Late January!

The IRS is rolling out a major effort to deliver $1,400 stimulus checks to approximately 1 million taxpayers. This initiative is part of the government’s continued financial relief for individuals who missed out on earlier COVID-related stimulus payments. According to the IRS, these payments will be sent either by direct deposit to eligible bank accounts or by paper checks through the mail, with delivery expected by late January 2025.

IRS $1400 Stimulus Checks 2024

Authority Name	Internal Revenue Service
Name of Program	Unclaimed Stimulus Checks
Country	USA
Amount	$1400
Payment Dates	December 2024 Last Week or January 2025
Benefit Status	Real
Category	Government Aid
Official Website	www.irs.gov

Why Are These Payments Being Sent?

These checks stem from unclaimed Recovery Rebate Credits on 2021 tax returns. The IRS recently discovered that many taxpayers eligible for the credit either overlooked claiming it or incorrectly listed the amount as $0. IRS Commissioner Danny Werfel highlighted that internal data revealed a significant number of taxpayers mistakenly left this credit unclaimed, prompting the agency to take action.

This distribution represents part of a broader $2.4 billion effort to provide financial relief to individuals impacted by the pandemic but who missed out on receiving their full stimulus entitlement.

Who Is Eligible for the $1,400 Check?

Most taxpayers eligible for federal stimulus payments, officially known as Economic Impact Payments, have already received their funds. However, the new payments target taxpayers who:

• Filed a 2021 tax return.
• Left the Recovery Rebate Credit section blank or entered $0.

Eligible individuals do not need to take any action to receive the payment, as the IRS is processing these automatically. Payments will either be deposited into the bank account listed on a taxpayer’s 2023 return or mailed to the address on file.

How Much Will You Receive?

The maximum payment amount is $1,400 per person. The IRS has published detailed guidance online outlining eligibility criteria and the methodology used to calculate payments.

Additionally, the IRS plans to send letters to eligible taxpayers notifying them of their special payment.

What If I Haven’t Filed My 2021 Tax Return?

If you haven’t yet filed your 2021 tax return, you may still qualify for the payment. To claim the Recovery Rebate Credit, taxpayers must file a return by the deadline of April 15, 2025, even if they have minimal or no income from work, business, or other sources.

A Recap of COVID-19 Stimulus Payments

Since the pandemic began, the U.S. government has distributed three rounds of stimulus payments totaling $814 billion:

1. March 2020: Up to $1,200 per taxpayer and $500 per child under the CARES Act.
2. December 2020: Up to $600 per taxpayer and $600 per child under the Consolidated Appropriations Act.
3. March 2021: Up to $1,400 per taxpayer and $1,400 per child under the American Rescue Plan Act.

The latest $1,400 payments are part of the final phase of this financial support, ensuring no eligible taxpayer misses out.

How to Stay Informed

For taxpayers uncertain about their eligibility or payment status, the IRS provides online tools to check payment details and determine if additional steps are required.

If you believe you may have missed claiming a credit or require assistance, consult the IRS website or a tax professional for guidance.

Final Thoughts

The IRS’s recent announcement underscores its commitment to ensuring financial support reaches all eligible taxpayers. If you’re among the one million individuals set to receive this $1,400 payment, you can expect to see it in your account or mailbox soon.

Taxpayers who haven’t yet filed their 2021 tax return still have time to claim their share of this significant relief effort, but prompt action is necessary to meet the April 2025 deadline.

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