Stimulus Relief: IRS Distributing $1,400 to Eligible Individuals in January 2025

Posted on January 27, 2025 by Mason Hart

2 min read

Race Day Live – Taxpayers who file their 2021 tax forms before the end of this month may be eligible for a stimulus check of up to $1,400.

In December, the IRS stated that it would distribute around $2.4 billion in stimulus cheques, up to $1,400 per individual, to US taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns.

The IRS established this round of stimulus checks after reviewing internal data that showed that many eligible taxpayers who filed a 2021 tax return did not claim the Recovery Rebate Credit, which is a refundable credit for individuals who did not receive one or more Economic Impact Payments, also known as stimulus payments.

Here’s all you need to know about the IRS’s latest round of stimulus checks, including who is qualified to get them.

Who qualifies for the latest IRS stimulus check?

Taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns are eligible for the most recent stimulus payout.

Taxpayers can see if they claimed this benefit by reviewing their 2021 tax return and determining if they left the Recovery Rebate benefit field blank or filled it out as $0.

How do people claim the most recent IRS stimulus check?

Taxpayers are not required to take any action to get the latest stimulus payment. The IRS began automatically handing out payments in December and will continue until late January.

Eligible taxpayers will receive a letter informing them of the payment, which will be either automatically direct deposited or issued via paper check.

How much money will the taxpayers receive?

According to the IRS, qualifying taxpayers can get up to $1,400.

What happens if a taxpayer does not file a 2021 tax return?

According to the IRS, taxpayers who did not file a tax return for 2021 may still be eligible for the stimulus payment if they file their return and claim the Recovery Rebate Credit by April 15.

Mason Hart

Mason Heart is your go-to writer for the latest updates on Social Security, SNAP, Stimulus Checks, and finance. With a knack for breaking down complex topics into easy-to-understand language, Mason ensures you stay informed and ahead in today's fast-paced world. Dedicated to keeping readers in the loop, Mason also dives into trending stories and insights from Newsbreak. When Mason isn't crafting engaging articles, they're likely exploring new ideas to make finances more approachable for everyone.