Did you miss a receipt? Refund credit discount In 2021?
The IRS just announced its plans to issue payments starting later this month to 1 million taxpayers who didn’t claim them while filing their 2021 tax returns.
“The IRS announced the special move after reviewing internal data showing many eligible taxpayers who filed returns but did not claim the credit,” the agency said in a statement. press release.
While most eligible taxpayers have received their stimulus checks or credit, those who haven’t can expect to receive the 2021 Recovery Rebate Credit in late January if they haven’t received a stimulus check before.
Here’s what you should know.
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Taxpayers can expect to receive a maximum of $1,400, according to the IRS. A total of $2.4 billion will be sent to those who missed out on the credit.
People don’t have to do anything to receive their payments, as they will be automatically sent to taxpayers in December and will arrive in most cases by late January.
Eligible taxpayers will receive a separate letter notifying them of the payment.
Payments will be automatically deposited directly or sent by paper check, according to the IRS.
Payment will be deposited directly into the bank account provided on the eligible person’s 2023 tax return or sent to the address of record.
The IRS said people who didn’t file their taxes in 2021 are still eligible to receive their stimulus checks.
However, they only have until April 15, 2025 “to file their returns to claim the credit and any other refunds they may be owed.”
People who put $0 in the field for the Rebate Rebate Credit on their 2021 tax forms or leave the section blank are eligible for the credit.
According to the IRS, those receiving the payment are “taxpayers where IRS data show the taxpayer is eligible for the credit.”
Julia is a feature reporter for USA TODAY. You can contact her on LinkedIn,follow her X, Formerly known as Twitter, Instagram and Tik Tok: @juliamariegz, or email her at [email protected]
This article originally appeared on USA TODAY: IRS sends missed stimulus checks to 1 million taxpayers
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