The IRS has announced that it is sending out $1,400 payments to approximately one million people who missed out on previous stimulus checks. These payments, part of the Recovery Rebate Credit (RRC), are aimed at taxpayers who did not claim the credit on their 2021 tax returns. The good news? The IRS is issuing these payments automatically—no extra paperwork required!
Why Are These Payments Going Out Now?
During a recent review, the IRS found that many people were eligible for stimulus money but didn’t claim it when they filed their 2021 taxes. Some may have mistakenly left the Recovery Rebate Credit section blank, while others entered $0, thinking they weren’t eligible.
To correct this, the IRS is now sending out the missed payments without requiring affected taxpayers to file an amended return. This means eligible individuals will receive their money without any additional effort on their part.
Who Qualifies for the $1,400 IRS Payment?
To be eligible for this payment, you must have:
- Filed a 2021 federal tax return but did not claim the Recovery Rebate Credit.
- Earned below the income threshold:
- Single filers: Less than $75,000
- Heads of household: Less than $112,500
- Married couples filing jointly: Less than $150,000
If you meet these criteria, you could be in line for a direct deposit or a check in the mail soon.
When and How Will the Money Arrive?
The IRS started processing these payments in December 2024, with most recipients expected to receive them by the end of January 2025. Payments will be sent in two ways:
- Direct Deposit – If the IRS has your bank account on file, the money will go straight into your account.
- Paper Check – If no banking details are available, the IRS will mail a check to your address.
To make sure you get your payment on time, check that your mailing address is up to date with the IRS.
What If You Haven’t Filed Your 2021 Taxes Yet?
If you never filed a 2021 tax return, you might still be eligible to claim the Recovery Rebate Credit. However, you need to file your return before the deadline in April 2025 to receive any money you’re owed. Even if you had little or no income that year, filing could still get you a payment.
Beware of Scams
Whenever the IRS issues payments, scammers try to take advantage of the situation. Be cautious of emails, phone calls, or text messages claiming to be from the IRS. The agency never asks for personal or financial information via email or text. If you receive a suspicious message, do not click on any links—report it directly to the IRS.
Final Thoughts
The IRS is making sure that eligible taxpayers get the stimulus money they may have missed. If you think you qualify but haven’t received your payment by February 2025, check your 2021 tax return or speak with a tax professional. For more details, visit the official IRS website.
