IRS Stimulus Checks Eligibility: How To Find Out If You Qualify For The $2.4B Being Sent Out
U.S. taxpayers who didn’t claim the Recovery Rebate Credit on their 2021 tax return may be eligible to receive a stimulus check in January. According to a statement from the Internal Revenue Service (IRS),
IRS stimulus check eligibility: What it is and who qualifies
The IRS said most taxpayers eligible for the federal stimulus payments, formally known as Economic Impact Payments, have already received them, but that approximately 1 million taxpayers did not claim the credit.
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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.
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“Most taxpayers eligible for EIPs have already received their EIP or Recovery Rebate Credit,” the website noted. “Qualified taxpayers are those who filed a 2021 tax return, but where the data field for the Recovery Rebate Credit was left blank or was filled out as $0 when the taxpayer was actually eligible for the credit.”
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This month, the Internal Revenue Service says it will distribute about $2.4 billion in outstanding stimulus check funds to taxpayers who did not claim a credit
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The Recovery Rebate Credit was available to taxpayers who missed one of the three COVID stimulus payments or who did not receive the full amount of what they were eligible for. “The IRS continues to work hard to make improvements and help taxpayers,
IRS sending out stimulus checks: Are you eligible to receive one?
"Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible."
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