Home » IRS special payments arrive by end of January. Will I receive a stimulus check?

IRS special payments arrive by end of January. Will I receive a stimulus check?

The Internal Revenue Service has sent out a round of automatic payments for eligible taxpayers. Here’s how to know if the money will hit your bank account?

The Internal Revenue Service has sent out a round of automatic payments, but when will the money hit your bank account?
In December 2024, the IRS announced that it was issuing payments to eligible taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns.

TheRecoveryRebateCreditisarefundablecreditforpeoplewhodidnotreceiveoneormoreEconomicImpactPayments,orstimuluschecks. “Lookingatourinternaldata,werealizedthatonemilliontaxpayersoverlookedclaimingthiscomplexcreditwhentheywereactuallyeligible,”IRScommissionerDannyWerfelsaidinastatement. Here’swhattoknowabouteligibilityandhowtoreceiveyourmoney. WhataretherequirementstoreceiveanIRSspecialpayment?Mosttaxpayerswhowereeligibleforstimuluschecksalreadyreceivedthem,orreceivedtheRecoveryRebateCredit,pertheIRS. ThecurrentIRSpaymentswillgotoqualifiedtaxpayerswhofileda2021taxreturn,butlefttheRecoverRebateCreditdatafieldblan