News
By Lorie Konish, CNBC
12/23/24
The payments will go to people who did not claim the 2021 Recovery Rebate Credit on their tax returns for that year and who are eligible for the money.
The IRS plans to issue automatic “special payments” of up to $1,400 to 1 million taxpayers starting later this month, the agency announced last week.
The payments will go to individuals who did not claim the 2021 Recovery Rebate Credit on their tax returns for that year and who are eligible for the money.
The Recovery Rebate Credit is a refundable tax credit provided to individuals who did not receive one or more economic impact payments — more popularly known as stimulus checks — that were sent by the federal government in the wake of the Covid-19 pandemic.
Read the full article here: IRS to send 1 million taxpayers up to $1,400 in ‘special payments.’ How to know if you’re eligible.
