IRS to send unclaimed stimulus checks to 1 million taxpayers

4 hrs ago

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Karah Rucker Anchor

By Karah Rucker (Anchor), Jodie Hawkins (Senior Producer), Michael Edwards (Video Editor)

There’s good news for taxpayers who may have missed out on a stimulus check. The Internal Revenue Service is sending payments to people who overlooked a credit on their 2021 tax returns.

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An internal review by the federal tax agency showed 1 million Americans failed to claim the recovery rebate credit.

People who missed one of the COVID-19 stimulus payments or had gotten less than the full amount were able to claim the credit but many didn’t.

Because of this, the IRS is issuing recovery rebate credits starting this month.

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Those payments will arrive by direct deposit or check by the end of January at the latest.

The maximum payment is $1,400 per person, with the IRS estimating total payments to reach $2.4 billion.

Those who are eligible will get a letter in the mail.

The IRS said taxpayers who haven’t filed 2021 tax returns might be eligible as well but they face an April 15 deadline to file their returns to claim the credit.

Tags: COVID-19, Income tax, Tax cuts, Tax returns, Taxes

[Karah]

GOOD NEWS FOR TAXPAYERS WHO MAY HAVE MISSED OUT ON A STIMULUS CHECK.

THE I-R-S IS SENDING PAYMENTS TO PEOPLE WHO OVERLOOKED A CREDIT ON THEIR 20-21 TAX RETURNS.

AN INTERNAL REVIEW BY THE FEDERAL TAX AGENCY SHOWED ONE MILLION AMERICANS FAILED TO CLAIM THE RECOVERY REBATE CREDIT.

PEOPLE WHO MISSED ONE OF THE COVID STIMULUS PAYMENTS OR HAD GOTTEN LESS THAN THE FULL AMOUNT WERE ABLE TO CLAIM THE CREDIT, BUT MANY DID NOT.

BECAUSE OF THIS, THE AGENCY IS ISSUING RECOVERY REBATE CREDITS STARTING THIS MONTH.

THOSE PAYMENTS WILL ARRIVE BY DIRECT DEPOSIT OR CHECK BY THE END OF JANUARY AT THE LATEST.

THE MAXIMUM PAYMENT IS 14-HUNDRED DOLLARS PER PERSON WITH THE IRS ESTIMATING TOTAL PAYMENTS TO REACH 2-POINT-4 BILLION DOLLARS.

IF YOU’RE ELIGIBLE, YOU WILL GET A LETTER IN THE MAIL.

THE I-R-S SAYS TAXPAYERS WHO HAVEN’T FILED 20-21 TAX RETURNS MIGHT BE ELIGIBLE AS WELL – BUT THEY FACE AN APRIL 15TH DEADLINE TO FILE THEIR RETURNS TO CLAIM THE CREDIT.

FOR SAN – I’M KARAH RUCKER.

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