IRS $1400 Stimulus Payment: Payments are up to $1,400 per person, and checks are being sent out throughout January 2025 check out more details here. How Much Your IRS Stimulus Check of $1,400 Would Be Worth in 20 Years If Invested In an Index Fund?
Why Is the IRS Sending Out the Stimulus Checks?
The IRS is distributing about $2.4 billion in stimulus payments to around 1 million taxpayers who didn't put the Recovery Rebate Credit on their 2021 tax returns. These payments, up to $1,400 per individual, are being issued automatically to ensure eligible taxpayers receive the financial support they missed during the initial distribution of Economic Impact Payments.
Taxpayers don't need to file amended returns to claim the credit.
How To Know If You're Due a Stimulus Check
To figure out if you're eligible for a stimulus check, review your 2021 tax return to see if you claimed the Recovery Rebate Credit. If you didn't file a tax return or overlooked the credit, you might still qualify for the payment.
In addition, eligibility depends on income, filing status, and other criterion, such as citizenship or residency requirements. Typically, the IRS notifies eligible individuals, but you can also use the IRS's online tools or contact their support services for confirmation
IRS Wraps Up COVID-19 Relief with Final $1,400 Stimulus Checks—Everything You Need to Know
The Internal Revenue Service (IRS) is issuing the final round of $1,400 stimulus checks, marking the end of COVID-19 relief payments that began during the pandemic.
Nearly one million Americans will receive these payments automatically, totaling approximately $2.4 billion, as the IRS works to distribute funds to those who missed out on the 2021 Recovery Rebate Credit.
If you’ve been wondering whether you might be eligible for a surprise stimulus payment in 2025, here’s everything you need to know.
Why Is the IRS Sending These Payments Now?
IRS Wraps Up COVID-19 Relief with Final $1,400 Stimulus Checks
The $1,400 stimulus checks stem from the 2021 Recovery Rebate Credit, which allowed individuals who didn’t receive their full Economic Impact Payments (EIPs) to claim the amount on their 2021 tax returns.
However, approximately one million taxpayers either left the Recovery Rebate Credit field blank or mistakenly entered $0 on their returns, missing out on the money.
To correct this, the IRS has identified eligible individuals and is now issuing automatic payments to those who qualify. No action is required from recipients, and checks or direct deposits are expected to arrive by late January 2025.
Who Is Eligible for the $1,400 Stimulus Check?
The IRS is sending automatic payments to taxpayers who:
Filed a 2021 tax return but did not claim the Recovery Rebate Credit despite being eligible.
Were eligible for the credit but did not receive the third stimulus payment (issued in 2021).
Provided up-to-date banking or mailing information in their tax filings, allowing for easy processing.
If you filed a 2021 tax return but did not claim the credit—and you were eligible for the stimulus—you will automatically receive the $1,400 payment in this final distribution.
How Will Payments Be Sent?
The IRS is using the latest tax return information on file to issue payments. Here’s how you might receive yours:
Direct Deposit: If you provided direct deposit details on your most recent tax return, your payment will be deposited into your bank account.
Paper Checks: If the IRS does not have direct deposit information, you will receive a paper check via mail.
Additionally, recipients will receive a letter from the IRS confirming the payment and its purpose.
What If You Didn’t File a 2021 Tax Return?
If you never filed a 2021 tax return, you may still be eligible for the Recovery Rebate Credit. However, you must file a 2021 tax return before April 15, 2025, to claim your stimulus payment.
Even if you had little or no income in 2021, filing a return could still allow you to claim:
Recovery Rebate Credit ($1,400 stimulus check)
Earned Income Tax Credit (EITC), if applicable
For those who never filed and believe they qualify, it’s not too late—but the deadline is approaching.
Is This the Last Stimulus Check?
Yes. The IRS has confirmed that this is the final round of direct COVID-19 stimulus payments under the Recovery Rebate Credit program.
Article IRS $1400 Stimulus Payment: Payments are up to $1,400 per person, and checks are being sent out throughout January 2025 published on
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