Everyone’s favorite Christmas gift giver, the Internal Revenue Service, announced it will distribute more than $2 billion in checks to Americans this month as part of its effort to make sure everyone receives its stimulus payments starting in 2021.
The federal tax agency announced that an internal review showed that many Americans never received their Economic Impact Payments, which were supposed to be delivered after filing 2021 tax returns. For this reason, the The agency is paying the money it still owes to Americans who never received their checks.
Although most eligible Americans have received their stimulus payments, the checks will be sent to those who qualified but filed a 2021 tax return that left the space blank for the recovery rebate credit.
These people are eligible for up to $1,400 from the federal government. Payments are expected to be received no later than the end of January 2025.
“These payments are an example of our commitment to going the extra mile for taxpayers. By reviewing our internal data, we realized that one million taxpayers neglected to claim this complex credit when they were actually eligible for it,” said IRS Commissioner Danny Werfel. “To minimize headaches and get this money to eligible taxpayers, we are making these payments automatic, meaning these individuals will not have to go through the lengthy process of filing an amended return to receive it.”
Stimulus payments of $1,400 were sent to Americans as part of a $1.9 trillion relief bill to fight COVID-19. Millions of Americans were eligible for these payments.
To get a check, Americans had to earn less than $75,000 a year or less than $150,000 as a household.
