HOUSTON, Texas – If you received your stimulus check during the pandemic, then this may not pertain to you. But if you haven’t, you may want to keep reading.
The IRS announced that it will issue special payments in April to 1 million taxpayers who did not claim the 2021 Recovery Rebate Credit.
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While most taxpayers received their stimulus checks, some residents missed out and will now have the opportunity to receive a $1,400 payout.
The payments are part of the IRS’s effort to ensure that individuals who qualify for the Recovery Rebate Credit receive the funds they are entitled to.
The IRS encourages non-filers to take action before the upcoming deadline to claim these credits.
The Recovery Rebate Credit was designed to provide financial support to taxpayers during the COVID-19 pandemic. It was available to individuals who did not receive the full amount of the Economic Impact Payments issued in 2020 and 2021. Taxpayers can claim the credit on their 2021 tax returns, which may result in a refund if they qualify.
The IRS is urging those who have not yet filed their tax returns to do so as soon as possible. The deadline for filing is approaching, and taxpayers who miss it may forfeit their opportunity to claim the Recovery Rebate Credit and other tax benefits.
To claim the credit, visit here.
