Although it has been several years since the last round of stimulus checks in the United States, some taxpayers are still eligible for a payment of up to $1,400.
This is possible due to the Internal Revenue Service’s (IRS) review of internal data, which revealed that many eligible individuals did not claim the Recovery Rebate Credit on their 2021 tax returns.
As a result, in December, it was announced that those who did not take advantage of this benefit at the time would receive 2.4 billion dollars in checks.
To receive this payment, taxpayers must meet certain requirements. Those who filed their taxes in 2021 but did not claim the credit will be paid automatically by the IRS. Individuals who have not filed their taxes for the year have until April 15, 2025 to do so and receive their refund.
Many people find this stimulus to be very beneficial, especially during difficult economic times, so it is critical to determine your eligibility.
The IRS has set up a simple process for determining eligibility and claiming this payment. The best way to determine whether the credit was received is to review the 2021 tax return and see if the Recovery Rebate Credit field was left blank or recorded with a value of zero. If eligible, the IRS will automatically send the funds to the appropriate recipients.
Who can receive the IRS stimulus check?
This stimulus payment is for taxpayers who did not claim the Recovery Rebate Credit on their 2021 returns. While many Americans have already received their payments, the IRS has identified a significant number of people who did not apply and thus remain eligible for up to $1,400.
Individuals who did not file their 2021 tax return may be eligible if they file by April 15, 2025. This will allow them to receive not only the stimulus check, but also any other refunds they are eligible for. To avoid missing out on this financial opportunity, taxpayers must review their situation and act quickly.
How can this payment be claimed?
If you have already filed your 2021 tax return but have not claimed the Recovery Rebate Credit, no further action is required. In December, the IRS began sending payments automatically, and taxpayers will receive notification when a deposit or check is issued.
Those who did not file in 2021 should file their return by April 15, 2025, including the corresponding credit. This can be done through a tax professional or by using the IRS’s free filing tools. Once the return is filed, if the taxpayer meets the requirements, they will be paid via direct deposit or paper check, depending on the IRS information on file.
Given that the stimulus check is still available, taxpayers should review their situation and ensure that they claim it if they are eligible. There is still time to take advantage of this financial opportunity, as the process is simple and has a long deadline.
