New stimulus checks expected for 1 million Americans

Reaching out to eligible taxpayers who didn't claim their federal stimulus funds on their 2021 tax returns.

Individuals who filed a 2021 tax return but failed to claim the Recovery Rebate Credit or answered "$0" for this credit, despite being eligible, will be impacted by this update. This update, which was announced last month, is aimed at correcting past oversights and guaranteeing that all eligible people receive the benefits they were entitled to. The payments from the COVID era, first distributed four years ago, are expected to go out by the end of December and should arrive by late January of next year.

The IRS Commissioner, Danny Werfel, emphasized the agency's commitment to supporting taxpayers, stating,

The IRS is dedicated to ongoing improvements and assistance for taxpayers. These payments demonstrate our commitment to going above and beyond for taxpayers.

IRS data shows one million taxpayers missed out on claiming this complex credit, prompting the agency to take steps to make sure they receive the money they're owed.

To make things easier and less frustrating for people, the IRS will automatically send out these payments. That means eligible taxpayers won't have to go through the hassle of filing an amended return just to get their payments. This is designed to save taxpayers time and get them their payment money more quickly.

In addition to automatic payments, the IRS is reminding taxpayers who haven't filed their 2021 tax returns yet that they may still be eligible for a refund. As long as they file their return and claim the Recovery Reifferences Credit by April 15, 2025, they can still take advantage of these available credits. This deadline gives individuals who initially missed the filing deadline another chance to benefit from them.

The IRS strongly emphasizes filing a tax return in order to qualify for the credit, even if your income from a job, business, or other sources was either very low or nonexistent. Filing a return is crucial to guarantee that eligible taxpayers receive the financial assistance they are entitled to.

This effort by the Internal Revenue Service (IRS) highlights the agency's commitment to correcting past mistakes and providing financial assistance to those who are in need. By streamlining the payment process and extending the filing deadline, the IRS is taking substantial steps to aid taxpayers and improve their overall financial situation.

The IRS will continue to roll out these measures, allowing eligible US citizens to expect their delayed stimulus payments, which should provide a significant financial boost that can make a substantial difference in their post-holiday financial situation.

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Those individuals who have retired will receive a larger amount of money with their Social Security benefit check.