IRS set to distribute unclaimed stimulus checks to 1 million taxpayers, worth up to $1,400

Most people eligible for the payments have already received their checks. But the IRS will automatically send payments in December to those who qualified and didn’t get the credit.

USA TODAY

Did you miss out on receiving the Recovery Rebate Credit in 2021?

The IRS just announced its plans to issue the payments starting later this month to 1 million taxpayers who didn’t claim it while filing for their 2021 tax returns.

“The IRS announced the special step after reviewing internal data showing many eligible taxpayers who filed a return but did not claim the credit,” the agency said in a press release.

While most eligible taxpayers received their stimulus checks or credit, those who haven’t can expect to receive their 2021 Recovery Rebate Credit in late January if they didn’t receive a stimulus check before.

Here’s what to know.

How money much will be sent out?

Taxpayers can expect to receive a maximum of $1,400, according to the IRS. A total of $2.4 billion will be sent to those who missed receiving the credit.

How do I receive my stimulus payment?

People do not have to do anything to receive their payments, as they will automatically be sent out to taxpayers in December and will arrive in most cases by late January.

Eligible taxpayers will receive a separate letter notifying them of the payment.

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IRS set to distribute unclaimed stimulus checks to 1 million taxpayers, worth up to $1,400

 

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