Don’t Miss Out: $1,400 Stimulus Payment for Eligible Taxpayers Coming Soon

Millions of Americans are about to receive automatic stimulus payments from the IRS. If you didn’t receive one or more stimulus checks during the COVID-19 pandemic, you might be eligible for up to $1,400 without having to do anything. Here’s all you need to know about this upcoming payment.

What Is This Payment?

The IRS is issuing stimulus payments to taxpayers who were eligible but did not claim the Recovery Rebate Credit on their 2021 tax returns. This credit was meant to help people who missed out on one or more Economic Impact Payments, commonly known as stimulus checks, during the pandemic.

Approximately $2.4 billion in stimulus payments were released in December 2024, and the rest of the payments will be made by the end of January 2025. The best part? You don’t need to file any amended returns or do anything extra to receive your money. The IRS is handling everything automatically.

Who Is Eligible?

The IRS found that over a million taxpayers failed to claim the Recovery Rebate Credit, even though they were eligible for it. If you didn’t receive your full stimulus payments during the pandemic or didn’t claim the credit on your 2021 tax return, you might be one of the people who can benefit from this automatic payment.

To be eligible for the payment, you should meet certain criteria:

1. You must have filed a 2021 tax return.
2. You should not have received the full Economic Impact Payments (stimulus checks) you were entitled to during the COVID-19 pandemic.
3. The IRS will use the information from your 2023 tax return (bank account details or address) to send you the payment.

How Much Will You Get?

Eligible individuals will receive up to $1,400. The exact amount depends on the specific situation of each taxpayer. If you qualify for the full $1,400, the payment will be sent to you automatically. You will receive it either through a direct deposit to the bank account listed on your 2023 tax return or by paper check.

A separate notice will be sent to let you know that the payment is on its way, so you won’t have to guess when the funds will arrive.

How Will the IRS Distribute the Payments?

The IRS will use the information it has on file to make the payments. This includes details from your 2023 tax return, such as your bank account information or mailing address. The payments will either be sent directly to your bank account or via a paper check, depending on what the IRS has on record.

If you receive the payment through direct deposit, it will go to the account listed in your most recent tax filing. If a paper check is issued, it will be sent to your address, so make sure your information with the IRS is up to date.

Do You Need to Do Anything to Receive the Payment?

No, you don’t need to take any action to receive this stimulus check. The IRS is sending the payments automatically. This is a relief for many taxpayers who otherwise would have had to file an amended tax return to claim the credit. With this automatic system, there’s no need to deal with long paperwork or complicated procedures.

What If You Didn’t File Your 2021 Taxes Yet?

The IRS is reminding taxpayers who have not filed their 2021 tax returns that they may still be eligible for the credit. However, the deadline for filing back-year returns is April 15, 2025. So, if you haven’t filed yet, make sure to do so before this date to receive any credit or refunds you are entitled to.

If you file your 2021 tax return before the deadline, you might still get the stimulus check if you missed it previously. The IRS will process your claim and send the payment.

What Happens if You Don’t Receive Your Payment?

If you are eligible for the stimulus check and you don’t receive it by the end of January 2025, it’s important to contact the IRS. They may need additional information from you to ensure that you get your payment. It’s best to check your tax records to make sure everything is accurate, including your bank account details and mailing address.

The IRS has worked hard to ensure the payment process is quick and efficient, but some people may still experience delays or need further assistance.

Conclusion

The IRS is sending automatic stimulus payments to eligible taxpayers, so if you missed out on earlier payments, you could receive up to $1,400 soon. The payments are being sent without the need for an amended return, which is a relief for many. Remember, if you haven’t filed your 2021 taxes yet, you still have time until April 15, 2025, to claim the credit.

Stay updated with the IRS and check your mail or bank account soon. If you have any questions or need assistance, reach out to the IRS or consult a tax professional.

This article has been carefully fact-checked by our editorial team to ensure accuracy and eliminate any misleading information. We are committed to maintaining the highest standards of integrity in our content.