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U.S. taxpayers may be in line to receive a stimulus check by the end of January if they did not claim the Recovery Rebate Credit on their 2021 tax return, the Internal Revenue Service (IRS) announced.
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 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 ...
Most taxpayers eligible for stimulus checks have received those payments or the Recovery Rebate Credit. However, those who filed a tax return in 2021 and even those who have not yet filed for 2021 ...
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.
The IRS will send out stimulus checks worth up to $1,400 to eligible taxpayers who missed theirs in 2021. ... People who placed a $0 on the field for the Recovery Rebate Credit on their 2021 tax ...
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 ...
Your credit could phase out to $0. ... See: $1,400 Stimulus Checks Are Still Coming ... The payments are based on information in 2019 or 2020 tax returns, whichever is available to the Treasury ...