The IRS is rolling out a fresh round of stimulus payments in early 2025, delivering financial relief to over a million taxpayers. Here’s everything you need to know about eligibility, payment timelines, and how to claim your check if you haven’t filed yet.
Who’s Eligible for the $1,000 Stimulus Checks?
These payments are aimed at individuals who missed claiming the Recovery Rebate Credit on their 2021 tax returns. If you didn’t receive the third round of Economic Impact Payments (EIPs) in 2021, you might qualify for this payment. Eligible recipients include those who filed a 2021 return but either left the rebate section blank or entered $0 by mistake.
The maximum amount you can receive is $1,400 per person, covering both individuals and qualifying dependents.
When Will You Get Paid?
The IRS began distributing payments in December 2024, with most people expected to receive their funds by the end of January 2025. Payments are sent via direct deposit or paper checks based on your filing information.
Good news: there’s no need to apply or fill out additional paperwork! The IRS is issuing these checks automatically.
What If You Haven’t Filed?
If you didn’t file a tax return in 2021 but think you qualify for the Recovery Rebate Credit, there’s still time to act. You have until April 15, 2025, to submit your return and claim the payment. Even if your income was too low to require filing, submitting a return could secure you the money.
Background on Economic Impact Payments
These payments trace back to the pandemic era, when three rounds of federal relief checks were distributed:
- March 2020: $1,200 for eligible individuals and $500 per dependent.
- December 2020: $600 for eligible individuals and dependents.
- March 2021: $1,400 for individuals and dependents under the American Rescue Plan.
This latest initiative ensures no one misses out on the third round of payments.
What to Do Next
Keep an eye on your bank account or mailbox for your payment. If you have questions about eligibility or your payment status, consult the IRS website or a tax professional for guidance. The agency’s proactive efforts mean that financial support is now just a step away for many Americans.
