IRS Sending 1 Million Recovery Rebate Payments this January

The IRS recently announced that many people who qualified to claim the Recovery Rebate Credit on their 2021 tax returns failed to do so. To correct this, the IRS will automatically send approximately one million payments to people who were eligible but did not claim the credit. Most payments will arrive by the end of January. The IRS will use direct deposit information from 2023 tax returns or mail checks to the addresses on record. If your banking information has changed since your 2023 return, the IRS will mail you a check instead. While the vast majority of people who qualified for Economic Impact Payments (stimulus payments) received their full amount, a small number did not claim it properly. If you think you were eligible but did not file a 2021 tax return, you have until April 15, 2025, to do so and claim your refund.