Who will receive $1,400 stimulus checks? What you should know about January 2025 payments

The IRS is sending stimulus checks to eligible taxpayers who did not claim the refund credit on their 2021 tax return.
Eligible taxpayers don’t need to take any action to receive the payment because the IRS will send it automatically.

US taxpayers may need to receive a stimulus check by the end of January if they did not claim the refund credit on their 2021 tax return, the Internal Revenue Service (IRS) announced.

The IRS said the decision was made after reviewing internal data showing that eligible taxpayers who filed a tax return did not claim the credit. The Recovery Rebate Credit is, according to the IRS, a “repayable loan for individuals who did not receive one or more Economic Impact Payments (EIP), also known as stimulus payments.”

“When we looked at our internal data, we found that one million taxpayers had failed to claim this complex credit even though they were actually eligible,” IRS Commissioner Danny Werfel said in a news release. “To minimize hassle and make this money available to eligible taxpayers, we are making these payments automatically, meaning these individuals do not have to go through the extensive process of filing an amended tax return to receive them.”

Here’s what eligible taxpayers need to know about the stimulus checks, including how to receive them.

What do eligible taxpayers need to do to receive the stimulus checks?

According to the IRS, eligible taxpayers don’t need to do anything to receive the stimulus payments, which were automatically distributed in December and should arrive by the end of January this year.

According to the IRS, taxpayers will receive payments either via direct deposit or check.

How do taxpayers know if they are eligible for the stimulus payment?

Eligible taxpayers will receive a separate letter informing them of the incoming stimulus payment.

In addition to the notification letters, taxpayers can also check their 2021 tax returns to see if they left the Recover Rebate Credit field blank or filled it with $0.

Job report today:The US added a booming 256,000 jobs in December, unemployment stands at 4.1%

How much money do taxpayers receive?

Stimulus payments vary, but the maximum amount an eligible taxpayer could receive is $1,400, according to the IRS.

The estimated total amount that will be distributed nationwide is $2.4 billion, the Treasury Department said.

What if someone didn’t file their 2021 tax return?

Those who did not file a 2021 tax return could still be eligible for the stimulus check if they file their 2021 tax return and claim the refund credit by April 15, 2025, the IRS said.

“Eligible taxpayers who have not filed a tax return must file a tax return to claim a refund credit, even if their income from a job, business, or other source was minimal or nonexistent,” the IRS said.

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Who will receive $1,400 stimulus checks? What you should know about January 2025 payments

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