IRS Issues Automatic Payments for Unclaimed 2021 Recovery Rebate Credit
The IRS announced that over one million taxpayers who did not claim the 2021 Recovery Rebate Credit will automatically receive payments this December, with most arriving by late January 2025. These payments, up to $1,400 per individual, target those who filed 2021 tax returns but either left the credit blank or incorrectly reported it as $0. Eligible taxpayers need not take action, as the funds will be sent directly to bank accounts or by check, along with a notification letter. Taxpayers who haven’t filed their 2021 returns still have until April 15, 2025, to do so and claim the credit. The IRS aims to simplify access to these funds while reminding taxpayers of other available credits and benefits.
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