Several years after the last round of stimulus checks in the U.S., a new opportunity has emerged for taxpayers to receive up to $1,400.
This is due to an internal review by the Internal Revenue Service (IRS), which identified many eligible individuals who missed out on claiming the Recovery Rebate Credit on their 2021 tax return.
As a result, the IRS announced the distribution of $2.4 billion in payments for those who did not claim this benefit earlier.
Eligibility for the IRS Stimulus Check
The IRS stimulus check is available to those who, for various reasons, did not claim the Recovery Rebate Credit on their 2021 tax return.
Even though a significant number of Americans have already received this payment, the IRS discovered many more eligible individuals who missed out on claiming the benefit.
Taxpayers who filed their 2021 tax return but forgot to claim the credit will receive their payment automatically. Those who did not file their taxes for that year have until April 15, 2025, to file and claim the credit.
This can provide much-needed relief, especially during challenging economic times, so it’s important to check whether you qualify.
Who Can Receive the IRS Stimulus Check?
The stimulus payment is intended for individuals who missed out on claiming the Recovery Rebate Credit when they filed their 2021 tax return.
The IRS identified numerous taxpayers who were eligible but did not apply for the credit. These individuals can still qualify for up to $1,400.
Additionally, those who did not file their tax return in 2021 can still receive the payment if they file by April 15, 2025.
Filing taxes by this date will not only allow them to access this stimulus payment but could also lead to other potential refunds. Taxpayers should review their tax situation to ensure they don’t miss this opportunity.
How to Claim the IRS Stimulus Check
If you already filed your 2021 tax return but did not claim the Recovery Rebate Credit, there’s no need to take action.
The IRS began automatically sending out payments starting in December. Taxpayers who are eligible will receive communication regarding their check or direct deposit.
For individuals who failed to file their 2021 tax return, you have until April 15, 2025, to submit your return and include the relevant credit.
The IRS offers free filing tools, or you can seek help from a tax professional to ensure your return is filed correctly. Once the IRS processes your return, payment will be sent via paper check or direct deposit, depending on the taxpayer’s information on file.
Given that this stimulus check is still available, it’s important for eligible taxpayers to review their tax situation and act quickly to claim the $1,400 payment. With plenty of time left to file and a straightforward process, now is the time to take advantage of this financial opportunity.
In conclusion, taxpayers who missed out on the Recovery Rebate Credit during their 2021 tax return still have a chance to claim up to $1,400 in stimulus checks. Whether you filed your taxes or not, the IRS has made provisions to help eligible individuals receive the payment.
Make sure to review your tax situation, file your return if needed, and claim the financial support available before the deadline of April 15, 2025.
FAQs
How much can I receive from the IRS stimulus check?
Eligible taxpayers can receive up to $1,400 through this stimulus check if they missed claiming the Recovery Rebate Credit on their 2021 tax return.
Who is eligible to receive this stimulus check?
Taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax return or who failed to file a return in 2021 may be eligible for this stimulus payment.
Do I need to file my taxes to receive the payment?
If you filed your 2021 tax return but did not claim the credit, the IRS will send the payment automatically. However, if you didn’t file your 2021 return, you must do so by April 15, 2025, to claim the stimulus check.
How will I receive my payment?
Eligible individuals will receive their stimulus payment via paper check or direct deposit, depending on the IRS records.
I sure would love to get a check because my disability check once a month is kinda hard to get through believe me I worked laying brick and block and stone for 40+ years and worked since age 14 and disability now is the hardest life, money wise, I’ve ever seen!!!