Depending on how they reported their 2021 taxes, taxpayers can still get a stimulus payment up to $1,400.
The Internal Revenue Service said in December that U.S. taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns would be receiving roughly $2.4 billion − up to $1,400 per individual − worth of stimulus checks.
The IRS claims that this round of stimulus checks was started following internal data analysis revealing many eligible taxpayers who filed a 2021 tax return did not claim the Recovery Rebate Credit, a refundable credit for those who did not get one or more Economic Impact Payments, more usually known as stimulus payments.
What would happen if a person omitted to file a 2021 tax return?
Although they must file their returns by April 15, 2025 to collect the credit and any other refund they might be due, the IRS said people who have not filed 2021 tax returns might also be qualified.
The newest IRS stimulus check is qualified for who?
Taxpayers who have not yet filed their 2021 tax forms can still get the money provided they file by the deadline and claim the credit. Additionally eligible are taxpayers who omitted claiming the Recovery Rebate Credit on their 2021 tax returns.
Looking at their 2021 tax return, taxpayers can verify whether they claimed this benefit by seeing whether they left the Recovery Rebate benefit field blank or filled in as $0.
How do people claim the most recent IRS stimulus check?
Filers of a 2021 tax return do not have to act to get the most recent stimulus payout. In December the IRS started automatically making payments.
Qualified taxpayers will get a letter informing them of the payment; the payments will either be paid by paper check or automatically direct deposited.
If taxpayers who neglected to file a 2021 tax return file their return and claim the Recovery Rebate Credit by April 15, they may still be qualified for the stimulus check.
How much will taxpayers get?
The IRS states an eligible taxpayer might get up to $1,400.