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The IRS will send an estimated $2.4 billion to taxpayers who didn’t claim the recovery rebate credit on their 2021 tax returns. About 1 million taxpayers were eligible for the credit but failed ...
The tax agency said it's disbursing the funds after reviewing internal data that showed many people had filed tax returns but yet didn't claim what is known as the "recovery rebate credit" in 2021.
As many as 1 million taxpayers will receive a "special" year-end gift from the IRS as the agency deposits pandemic-era stimulus checks worth a total of $2.4 billion directly in their bank accounts.
The Recovery Rebate Credit is a refundable credit for individuals who didn't receive the Economic Impact Payments, also known as stimulus payments, during 2020 and 2021. The IRS announced this initiative after reviewing its internal data and finding that many eligible taxpayers who filed a 2021 tax return didn't claim the credit.
A check from the Internal Revenue Service is set to make the end of the holiday season a little greener for one million taxpayers. About $2.4 billion worth of stimulus checks will be distributed ...
People who didn't file their taxes in 2021 can still be eligible to receive their stimulus checks, the IRS stated. But, they only have until April 15, 2025 to "file their returns to claim the ...
More than 169 million payments worth about $400 billion have been sent out by the IRS since Congress passed the American Rescue Plan stimulus relief bill in March. See: Fourth Stimulus Checks ...
The IRS is sending checks to people who filed their 2021 tax returns but left the “Recovery Rebate Credit” field blank or filled it out as $0 despite being eligible for the money.