Good news for one million lucky taxpayers—this holiday season, you might find some extra cash in your account! The IRS is sending out $2.4 billion worth of stimulus checks in the coming weeks, and you could be one of the recipients.
How did this happen? Well, the IRS noticed that a lot of people who filed taxes in 2021 missed out on the Recovery Rebate Credit—a refund for people who didn’t get all their stimulus payments. If you’re one of the folks who missed it, don’t worry! The IRS is making it super easy by sending out these checks automatically. That means you won’t have to go through the trouble of filing an amended return.
You don’t have to lift a finger! The money will be deposited straight into your bank account or sent via paper check by late January. No action is needed on your part.
So, who gets the cash? If you filed your taxes in 2021 but didn’t claim the Recovery Rebate Credit (or left it blank), you’re in luck. This special payment is just for you. And if you haven’t filed yet for 2021, you still have time—just file by April 15, 2025, and you might get a refund!
Wondering how much you’ll get? The amount can vary, but it could be up to $1,400 per person. If you want to know more about how it works, check out the IRS website.
This holiday season just got a little bit brighter—enjoy the extra boost!
