$2.4 Billion in Stimulus Distributed to About 1 Million Eligible Taxpayers in Early 2025
What is happening The IRS announced that it will issue roughly $2.4 billion in what are being called “automatic special payments” to approximately 1 million taxpayers who were eligible for the Recovery Rebate Credit on their 2021 tax returns, but did not claim it. These payments represent funds that individuals may have missed because they either filed a 2021 return and left the Recovery Rebate Credit line blank, or put “$0” when they were eligible. The maximum payment for an individual in this round is up …