The Internal Revenue Service, IRS, will mail checks worth up to $1,400 to taxpayers who did not claim their stimulus checks during the COVID-19 pandemic.
Around one million U.S. taxpayers who were eligible for the check can expect a lump sum mailed to them during tax season. On Friday, the agency announced that it would start sending automatic payments of up to $1,400 to those who qualified for the 2021 Recovery Rebate Credit but did not properly claim it on their tax return.
“Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible,” IRS Commissioner Danny Werfel said in a statement.
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The agency estimates that around $2.4 billion will be sent out to taxpayers by the end of January.
Married taxpayers filing a joint return must have made less than $160,000 in combined income to claim some or all of the tax credit. For those who made less than $112,500 and filed as the head of their household eligibility also applies.
Those who were claimed as a dependent in 2021 still do not qualify for this special IRS payment.
The maximum credit an individual can receive from the tax credit is $1,400.
Eligible taxpayers don’t have to take any action. Payments will be made automatically. Checks will be sent to the bank account listed on the taxpayer’s 2023 return or to the address the IRS has on file.
For those who did not file 2021 tax returns, filings must be made by April 15, 2025, to receive the special payment.
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Beginning in 2020, three rounds of payments were made to households affected by the pandemic, in total accounting for $814 billion.
In March 2020, eligible individuals received up to $1,200 per tax filer and $500 per child under the CARES Act. In December 2020, eligible individuals received up to $600 per income tax filer and $600 per child via the Consolidated Appropriations Act. In March 2021, eligible individuals received up to $1,400 per income tax filer and $1,400 per child under the American Rescue Plan Act.
This article was originally published at www.washingtonexaminer.com
