These payments are intended to assist individuals who failed to claim the Recovery Rebate Credit (RRC) on their 2021 tax returns. Here’s everything you need to know about these payments, including eligibility criteria, distribution methods, and tracking options.
Eligibility Criteria
The special payments are for taxpayers who filed their 2021 tax returns but left the Recovery Rebate Credit field blank or entered $0 despite being eligible for the credit. Individuals must meet the original eligibility requirements for the third round of stimulus payments.
- An adjusted gross income (AGI) of $75,000 or less for individuals, $112,500 or less for heads of household, and $150,000 or less for married couples filing jointly.
- U.S. citizenship or residency requirements.
If you did not file a tax return for 2021 but believe you are eligible, you have until April 15, 2025 to file and claim the credit.
Payment Details
The IRS will issue payments automatically, meaning no action is required from eligible taxpayers. The payment amount is up to $1,400 per individual and may vary based on income and filing status. Payments are being distributed as follows:
- Direct Deposit: Sent to the bank account on file with the IRS.
- Paper Checks: Mailed to the address on record for those without direct deposit information.
The rollout began in December 2024, with most recipients expected to receive their payments by late January 2025.
Tracking Your Payment
The IRS previously offered the “Get My Payment” tool for tracking EIPs, but this app is no longer available. Taxpayers can, however, view payment details by logging into their IRS online accounts and selecting the “Tax Records” section. This account also includes a history of all EIPs received, allowing taxpayers to confirm their eligibility.
Addressing Common Questions
1. What if I didn’t receive the payment? If you’re eligible and don’t receive your payment by January 2025, check your IRS online account to confirm your information. Contact the IRS directly if discrepancies persist.
2. Can I still claim past stimulus payments? Yes. The Recovery Rebate Credit allows you to claim any missed stimulus payments when filing your 2021 tax return. The deadline for claiming these credits is April 15, 2025.
3. How will I know if I’m eligible? The IRS is sending letters to notify eligible taxpayers. These letters will outline the payment amount and method of distribution.
Beware of Scams and Misinformation
Social media platforms have seen an increase in false claims about new stimulus payments. The IRS has clarified that these $1,400 payments are only for people who missed the 2021 Recovery Rebate Credit.
Be wary of unsolicited messages or emails that claim to offer additional stimulus funds. For accurate information, always refer to official IRS communications or visit irs.gov.
Final Thoughts
The IRS’s initiative to distribute these special payments ensures that taxpayers who missed out on the third round of stimulus checks receive the necessary assistance.
If you believe you are eligible but have not taken action, you still have time to file your 2021 tax return and claim the Recovery Rebate Credit. Act quickly to obtain the financial assistance you are entitled to.
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