The IRS is issuing automatic payments of up to $1,400 to approximately 1 million taxpayers who missed claiming the Recovery Rebate Credit on their 2021 returns. These payments, totaling around $2.4 billion, will be sent by late January 2025 via direct deposit or paper check. No action is required from eligible taxpayers. Those who haven't filed their 2021 returns can still do so by April 15, 2025, to claim the credit.

The IRS is issuing automatic payments of up to $1,400 to approximately 1 million taxpayers who missed claiming the Recovery Rebate Credit on their 2021 returns. These payments, totaling around $2.4 billion, will be sent by late January 2025 via direct deposit or paper check. No action is required from eligible taxpayers. Those who haven't filed their 2021 returns can still do so by April 15, 2025, to claim the credit.  https://apnews.com/article/40a089de6ebd3d42b82a7ac84a06861d?utm_source=chatgpt.com