IRS Announces Automatic Stimulus Payments for Eligible Taxpayers

Reported 1 day ago

The IRS is set to distribute about $2.4 billion in automatic stimulus payments to approximately 1 million taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns. Eligible individuals may receive up to $1,400 if they left the credit field blank or filled it out as $0. The payments aim to ensure that those who overlooked this credit can receive their due stimulus without needing to file additional paperwork.

Source: YAHOO

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