The IRS is prepared to send up to one million payments of up to $1,400 for eligible taxpayers who did not claim a COVID-related refund credit.
According to a press releasePayments will be made to taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns.
The IRS says the credit was intended for people who did not receive one or more Economic Impact Payments, or stimulus payments, during the COVID pandemic. A total of three rounds of payments were made to taxpayers based on a variety of factors, including income, filing status and number of dependents.
Taxpayers do not need to take any action to receive their payments. Payments will be made in December and will be delivered via direct deposit or sent via paper check. Taxpayers will also receive a separate letter alerting them of the payment.
IRS Commissioner Danny Werfel said more than a million taxpayers did not claim the payment even though they were eligible.
“To minimize headaches and get this money to eligible taxpayers, we are making these payments automatic, meaning these people will not have to go through the extensive process of filing an amended return to receive it,” he said.
The maximum payment is $1,400 per person, and approximately $2.4 billion is expected to be provided to eligible taxpayers.
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More information can be found on the IRS website.
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