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IRS to send unclaimed stimulus checks to 1 million taxpayers worth up to $1,400 ... People who placed a $0 on the field for the Recovery Rebate Credit on their 2021 tax forms or left the section ...
The Internal Revenue Service is sending unclaimed stimulus checks of up to $1,400 to 1 million ... “Eligible taxpayers who did not file must file a tax return to claim a Recovery Rebate Credit ...
You must file a 2021 tax return to receive the recovery rebate credit, even if you otherwise weren’t required to do so. File your 2021 tax return by April 15, 2025, to claim the credit. Visit ...
The first and second EIPs were issued in 2020 and early 2021, and were sent as advance installments of the 2020 Recovery Rebate Credit that could have been claimed on a 2020 tax return, per the IRS.
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.
The IRS says on its website that eligible individuals who did not receive the full amount of both economic impact payments may claim the Recovery Rebate Credit on their 2020 Form 1040 or 1040-SR.
Those who did not file a 2021 tax return could still be eligible to receive the stimulus check if they file their 2021 return and claim the Recovery Rebate Credit by April 15, 2025, the IRS said.
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.