Unclaimed Stimulus Checks: 1 Million Taxpayers Eligible for $1,400 Payments

The Internal Revenue Service (IRS) has recently announced that it will be sending out $1,400 stimulus checks to approximately 1 million taxpayers who may have overlooked claiming the Recovery Rebate Credit on their 2021 tax returns. This article aims to provide a comprehensive overview of this development, helping readers understand who is eligible, how the payments work, and what steps they can take to claim their stimulus checks if they haven't already.



Who is eligible for the $1,400 stimulus checks?

The IRS has identified 1 million taxpayers who may have missed out on claiming the Recovery Rebate Credit on their 2021 tax returns. These individuals are eligible to receive the $1,400 stimulus checks automatically, with no action required on their part. The payments will be sent to the bank account or address listed on their 2023 return.



To determine if you qualify, review your 2021 tax return. If you left the Recovery Rebate Credit field blank or filled it out as $0 when you were eligible, you may receive a payment. The IRS will send separate letters to eligible taxpayers notifying them of the special payment.

How the $1,400 stimulus checks work

Eligible taxpayers don't need to take any action to receive their stimulus checks. The payments will go out automatically this month and should arrive by direct deposit or check by late January 2025. They'll be sent to the bank account listed on the taxpayer's 2023 return or to the address IRS has on file.

Payments will vary, with a maximum of $1,400 per individual. The IRS has posted information online about eligibility and how the payment was calculated. If you haven't filed your 2021 tax return yet, you can still receive the money by filing a return and claiming the Recovery Rebate Credit by the April 15, 2025 deadline.

What if you haven't filed your 2021 tax return yet?

If you haven't filed your 2021 tax return yet, you can still receive the $1,400 stimulus check by filing a return and claiming the Recovery Rebate Credit by the April 15, 2025 deadline. Even if your income from a job, business, or other source was minimal or nonexistent, you should still file a tax return to claim the credit.



In conclusion, the IRS is sending out $1,400 stimulus checks to 1 million taxpayers who may have overlooked claiming the Recovery Rebate Credit on their 2021 tax returns. If you believe you may be eligible, review your 2021 tax return and keep an eye out for a letter from the IRS. Don't miss out on this opportunity to claim your stimulus check and improve your financial situation.