In a significant move, the IRS is set to distribute $1,400 stimulus checks to eligible individuals who missed out on claiming their Recovery Rebate Credit. This initiative aims to reach over a million taxpayers who were eligible but did not receive the third stimulus payment during the COVID-19 pandemic.

The IRS announced eligible U.S. taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax return will soon receive a stimulus check.

The IRS announced eligible U.S. taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax return are in line to receive a stimulus check.

This month, the IRS will be sending out stimulus checks of up to $1,400 to around one million U.S. taxpayers. Find out here if you're eligible.

Payments will be sent to the bank account listed on the taxpayer’s 2023 tax return or to the address of record. The exact amount of the payment will vary but maximum is $1,400 per individual. The total amount distributed by the IRS is $2.4 billion.

"Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible."

In an effort to alleviate the economic strain caused by inflation and reduce poverty levels, the U.S. Social Security Administration (SSA) is offering a $500 stimulus check to eligible immigrants. This initiative aims to help immigrants cover essential needs such as food,

According to a press release from the IRS, about $2.4 billion was expected to be distributed in December, and in most cases, the payments would arrive by late January 2025 to the bank account listed on the taxpayer’s 2023 tax return or to the address on record.