IRS Announces Automatic $1,400 Stimulus Payments for Eligible Taxpayers in 2025

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As 2025 begins, a new round of stimulus relief has been unveiled for U.S. citizens who missed out on the $1,400 stimulus payment. The IRS has confirmed that these payments will be issued automatically to eligible taxpayers from late December 2024 to the end of January 2025.

If you haven’t claimed this payment yet but think you might be eligible, don’t worry! This article provides all the necessary information to help you understand how to receive this financial relief.

$1,400 Stimulus Check Update for 2025

Starting from late December 2024, the IRS began issuing automatic $1,400 payments to around one million taxpayers who did not claim the Recovery Rebate Credit when filing their 2021 tax returns. These payments will continue through the end of January 2025. If you weren’t aware of this initiative until now, you’ll find the details here.

Why Did the IRS Launch This Initiative?

The IRS’s internal review revealed that many eligible taxpayers had missed claiming the Recovery Rebate Credit on their 2021 tax returns. Some individuals forgot to claim the credit, while others may have incorrectly entered the rebate amount as $0.

To rectify this, the IRS has decided to issue automatic payments to these taxpayers without the need for additional action from them.

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Who is Eligible and What Do You Need to Do?

This time, the IRS will ensure eligible individuals receive their payments without any extra steps. If you are eligible, the payment will be directly deposited into the bank account you provided on your 2023 tax return.

If your payment is being issued via check, it will be mailed to the address listed in your IRS records by the end of January 2025.

Has the Payment Process Already Started?

Yes, some eligible beneficiaries began receiving their payments by direct deposit at the end of December 2024. The IRS processed payments for individuals who did not face any issues with their 2021 tax returns.

In January 2025, payments are being sent to the remaining beneficiaries, either by direct deposit or through mail.

What if You Haven’t Received Your Payment Yet?

If you haven’t received your $1,400 payment yet, don’t panic. The IRS has assured that all payments will be processed by the end of January 2025.

Eligibility Criteria

To be eligible for this payment, you must meet the following criteria:

  • You must have filed a 2021 tax return.
  • You must not have claimed the Recovery Rebate Credit on that return.
  • Your income must fall within the IRS-set limits.
  • You must have provided an accurate bank account or address on your 2023 tax return.

Who Will Benefit from This Payment?

This payment will benefit individuals who:

  • Did not receive the stimulus payment in 2021.
  • Were unable to claim the Recovery Rebate Credit due to technical errors.
  • Were identified through an IRS data review as eligible for the credit.

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IRS Notifications and What to Do if You Don’t Receive Your Payment

The IRS will send a notification letter to all eligible recipients, which will include:

  • Confirmation of your eligibility.
  • The amount of money you will receive.

If you don’t receive your payment by the end of January 2025, follow these steps:

  1. Visit the IRS website at www.irs.gov and use the “Get My Payment” tool to check your payment status and eligibility.
  2. If you still have questions or concerns, contact the IRS directly.

Conclusion

This IRS initiative provides much-needed financial relief for those who were left out of previous stimulus payments. The $1,400 payment will be automatically issued to eligible taxpayers, offering a seamless way to claim this relief. Be sure to check if you qualify and expect your payment by the end of January 2025. A brighter start to the year is just around the corner!

Ritu Sharma

5 thoughts on “IRS Announces Automatic $1,400 Stimulus Payments for Eligible Taxpayers in 2025”

  1. Do people on disability qualify for the stimulus? I know several people that are disabled that got checks but I never did. Just curious

    Reply

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