By the end of this month, taxpayers they can receive a stimulus check of up to $1,400, depending on how they filed their 2021 tax returns.
The Internal Revenue Service announced in December that it would distribute about $2.4 billion – up to $1,400 per individual – worth of stimulus checks to US taxpayers who did not claim the Recovery Refund Credit on their 2021 Tax Returns.
According to the IRSthis round of stimulus checks was instituted after the agency reviewed internal data showing that many eligible taxpayers who filed a 2021 tax return did not claim the Recapture Refund Credit, a refundable credit for an individual who did not receive one or more Economic Impact Payments, more commonly known as incentive payments.
Here's what to know about the IRS' latest round of stimulus checks and who's eligible to receive them.
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Taxpayers who did not claim the Recapture Refund Credit on their 2021 Tax Returns are eligible for the latest stimulus check.
Taxpayers can check if they claimed this credit by looking at their 2021 Tax Return and checking if they left the Recapture Refund Credit field blank or filled it in as $0.
Taxpayers do not need to take action to receive the latest stimulus check. The IRS began sending payments automatically in December, and will continue until the end of January.
Eligible taxpayers will receive a letter notifying them of the payment, and the payments will either be automatically direct deposited or sent by paper check.
An eligible taxpayer can receive up to $1,400, according to the IRS.
Taxpayers who did not file a 2021 tax return may still be eligible for the stimulus check if they file their tax return and claim the Recovery Refund Credit by April 15, according to the IRS.
Greta Cross is a national trends reporter for USA TODAY. Follow her on X and Instagram @gretalcross. A story idea? Email her at gcross@usatoday.com.
This article originally appeared on USA TODAY: IRS is giving out $1,400 stimulus checks until the end of January 2025