Could You Be Eligible for a $1,400 Stimulus Check by the End of This Month?

By the end of this month, many U.S. taxpayers may receive a stimulus check of up to $1,400, depending on how they filed their 2021 tax returns.

In December, the Internal Revenue Service (IRS) announced its plan to distribute approximately $2.4 billion in payments—up to $1,400 per person—to eligible taxpayers who missed claiming the Recovery Rebate Credit on their 2021 tax returns.

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This initiative follows the IRS’s internal review, which identified several taxpayers who were eligible but failed to claim this refundable credit designed for those who missed out on one or more Economic Impact Payments (EIPs), also known as stimulus payments.

Below, we’ll explain who qualifies for these payments, how to claim them, and what steps to take if you haven’t filed your 2021 taxes.

Who Qualifies for the $1,400 Stimulus Check?

Eligibility for this latest round of stimulus checks is straightforward. Taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns will be eligible.

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To determine if you qualify, check your 2021 tax return for the Recovery Rebate Credit section. If the field was left blank or marked as “$0,” you may be eligible to receive the payment.

How Can Taxpayers Claim the Stimulus Check?

The good news is that no action is required from eligible taxpayers. The IRS began automatically issuing these payments in December 2023, with distributions continuing through late January 2024.

Here’s how eligible recipients will be notified and receive their payments:

• Notification Letter: Taxpayers will receive a letter from the IRS informing them about the payment.
• Method of Payment: Payments will be automatically sent through direct deposit or as a paper check mailed to the taxpayer’s address.

How Much Can Eligible Taxpayers Receive?

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According to the IRS, an eligible individual may receive up to $1,400. This amount is part of the larger $2.4 billion allocated for this round of stimulus payments.

What If You Haven’t Filed a 2021 Tax Return?

If you didn’t file your 2021 tax return, there’s still an opportunity to claim this stimulus check. The IRS has clarified that taxpayers who file their 2021 return and claim the Recovery Rebate Credit by April 15, 2024, will also be eligible for the payment.

Stimulus Payment Overview

The latest round of stimulus checks is a welcome relief for taxpayers who may have missed out on previous payments. With up to $1,400 available for eligible individuals, this initiative ensures that more Americans receive the financial support they deserve.

If you think you might qualify, check your 2021 tax return or file it by April 15, 2024, to secure your payment. Stay informed and act promptly to make the most of this opportunity!

FAQs

How do I know if I’m eligible for the $1,400 stimulus check?

If you did not claim the Recovery Rebate Credit on your 2021 tax return, you are likely eligible. Check your tax return for the Recovery Rebate Credit field to confirm.

Do I need to apply for this payment?

No. The IRS is automatically issuing payments to eligible taxpayers. However, if you haven’t filed your 2021 tax return, you must do so by April 15, 2024, to qualify.

How will I receive my payment?

Payments are sent via direct deposit or as a paper check mailed to your address. You will also receive a letter from the IRS notifying you of the payment.