2 months, 3 weeks ago

IRS is sending out automatic stimulus payments. Who is getting them?

The IRS is distributing about $2.4 billion to taxpayers who didn’t receive their COVID stimulus payments. The IRS said it’s distributing these payments to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. The special payments announced by the IRS are being sent to those taxpayers who filed a 2021 tax return but left the data field for the Recovery Rebate Credit blank or they filled it out as $0 when they were actually eligible for the credit. In total, the IRS will be distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. The Recovery Rebate Credit is a refundable credit for individuals who didn’t receive the Economic Impact Payments, also known as stimulus payments, during 2020 and 2021.

Associated Press
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