Importance Score: 75 / 100 🔴
New IRS Stimulus Checks to Reach Millions of Taxpayers
Following the COVID-19 pandemic relief measures, a new round of IRS stimulus checks is slated to arrive in bank accounts soon for approximately one million U.S. taxpayers. This new payment has prompted questions about eligibility, the payment amount, and the delivery timeline, whether by mail or direct deposit.
Understanding the 2024 IRS Stimulus Check Amount
Eligible American individuals are set to receive stimulus payments up to $1,400. These payments, distributed either through postal mail or direct deposit, may vary in amount, meaning some recipients might not receive the full $1,400.
IRS to Disburse Billions in Stimulus Funds
The IRS is expected to distribute $2.4 billion in “special” stimulus checks to taxpayers who did not previously claim them, according to reports.
Eligibility for the IRS Stimulus Payment
According to NPR, around one million individuals in the U.S. are anticipated to receive this stimulus check. IRS Commissioner Danny Werfel elucidated that these payments are for specific Americans.
Werfel stated, “The IRS is dedicated to continuous improvement and taxpayer assistance. These payments exemplify our commitment to exceeding expectations for taxpayers. Upon reviewing internal data, we discovered that approximately one million taxpayers had overlooked claiming this complex credit despite their eligibility.”
vCard.red is a free platform for creating a mobile-friendly digital business cards. You can easily create a vCard and generate a QR code for it, allowing others to scan and save your contact details instantly.
The platform allows you to display contact information, social media links, services, and products all in one shareable link. Optional features include appointment scheduling, WhatsApp-based storefronts, media galleries, and custom design options.
He further clarified, “To simplify the process and ensure eligible taxpayers receive their funds, we are making these payments automatic. This eliminates the need for individuals to undertake the lengthy process of filing an amended tax return.”
Eligibility for this incoming stimulus check extends to those who did not receive a COVID-19 stimulus check previously or failed to claim the Recovery Rebate Credit on their 2021 tax return.
Timeline for the $1,400 IRS Stimulus Checks
The distribution of these checks commenced in December 2024. The IRS indicates that recipients should expect to receive their stimulus payments by January 2025. Taxpayers will receive a notification letter regarding their forthcoming payment.
It is important to note that the deadline to claim a refund for the 2021 tax year is April 15, 2025.