Good news for taxpayers! The IRS has announced that around 1 million people who missed claiming the Recovery Rebate Credit (RRC) in 2021 will now receive their final IRS Stimulus Check 2025. These payments, expected to total $2.4 billion, should be delivered by late January 2025. If you haven’t received yours yet, check your eligibility and IRS records to see if you qualify.
IRS Stimulus Check 2025 Update
The IRS discovered that many eligible taxpayers did not claim their 2021 Recovery Rebate Credit. These individuals will now receive a stimulus payment of up to $1,400 per person. The payment will be sent to the bank account or mailing address listed on the taxpayer’s 2023 tax return.
Those receiving the payment will also get a notification letter from the IRS. If your bank account has changed, the money will be mailed as a check to the most recent address on file.
Who Qualifies for the IRS Stimulus Check 2025?
To be eligible for this final $1,400 payment, you must meet the following conditions:
- Filed a 2021 tax return.
- Earned less than $75,000 in 2021 as an individual.
- Head of household filers must earn under $112,500.
- Married couples filing jointly must have earned less than $150,000 in 2021.
If you meet these conditions but haven’t received your check yet, you may still file your 2021 tax return before April 15, 2025, to claim your payment.
IRS Stimulus Check 2025 Latest News
Many qualified individuals have already received their payments. However, if you haven’t, don’t worry! Payments are being sent automatically to those who qualify. If you believe you’re eligible, ensure your tax return is filed and all necessary documents are submitted on time.
This payment is part of the COVID-19 relief efforts aimed at providing financial support to Americans. The IRS is encouraging people to check their eligibility and claim their stimulus check before the deadline.
Final $1,400 Stimulus Checks from the IRS
The IRS has confirmed that this is the final round of $1,400 stimulus payments under the 2021 Recovery Rebate Credit (RRC). The payments are meant for those who either missed or didn’t receive the full amount of their Economic Impact Payments (EIP) during the pandemic.
About one million people will receive these payments, totaling $2.4 billion in disbursements. The deadline to claim this credit is April 15, 2025, so taxpayers should act quickly to avoid missing out on this benefit.
What is the Purpose of These Payments?
These payments are intended to provide financial relief to Americans who missed out on their stimulus checks in 2021. The IRS discovered that many eligible taxpayers failed to claim their credit and is now issuing final payments to ensure everyone receives the assistance they qualify for.
If you haven’t received your check yet, check your IRS account or official IRS website for further details. The IRS urges taxpayers to file their 2021 tax return before April 2025 to receive their payment.
Conclusion
The final round of IRS stimulus checks is being sent out, and eligible taxpayers should expect to receive up to $1,400 per person by late January 2025. If you meet the income and tax filing requirements, you can still claim your check by submitting your 2021 tax return before April 15, 2025. Don’t miss out on this financial relief—make sure your IRS records are up to date to receive your payment smoothly.
FAQ’s
When will the IRS send the final $1,400 stimulus checks?
The IRS is sending out the final stimulus checks by late January 2025 to eligible taxpayers.
How do I know if I qualify for the $1,400 stimulus check?
You qualify if you filed a 2021 tax return, earned below the income limits, and didn’t receive the full Recovery Rebate Credit.
What is the deadline to claim the IRS stimulus check?
You must file your 2021 tax return before April 15, 2025, to claim the $1,400 payment.