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IRS Announces Special Payments for 1M Taxpayers
WASHINGTON - As part of continuing efforts to help taxpayers, the Internal Revenue Service announced plans to issue automatic payments later this month to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns.
The IRS announced the special step after reviewing internal data showing many eligible taxpayers who filed a return but did not claim the credit. The Recovery Rebate Credit is a refundable credit for individuals who did not receive one or more Economic Impact Payments (EIP), also known as stimulus payments.
No action is needed for eligible taxpayers to receive these payments, which will go out automatically in December and should arrive in most cases by late January 2025. The payments will be automatically directly deposited or sent by paper check; eligible taxpayers will also receive a separate letter notifying them of the payment.