The Internal Revenue Service (IRS) has announced the issuance of a $1,400 stimulus check to one million citizens who, for various reasons, did not receive this assistance during previous rounds of Economic Impact Payments.
This measure seeks to close an economic gap left by the approval of the third stimulus check, signed by President Joe Biden as part of initiatives to mitigate the financial effects of the Covid-19 pandemic.
The current stimulus check is one of three installments. The first two rounds were authorized during Donald Trump’s presidency, and the third round was approved at the start of Biden’s term. The latter payment was intended to provide economic relief to families who had been affected financially by the pandemic.
Where does this stimulus check come from?
However, an IRS review revealed that many eligible individuals did not claim the corresponding stimulus check on their tax return via the so-called Recovery Rebate Credit. As a result, the agency has decided to distribute these payments automatically, without requiring taxpayers to take any additional steps.
Payments began to be issued at the end of December 2024 and will continue until January 2025. The IRS has confirmed that payments will be made primarily through direct deposits into eligible taxpayers’ bank accounts. This process ensures that money is delivered faster and more efficiently.
Who is eligible?
The tax data available in the IRS system determines eligibility for this stimulus check. The IRS Commissioner, Danny Werfel, said: “In an effort to minimize the burden and streamline the process, we are issuing these payments automatically, without people having to file an amended return to receive them.”
Taxpayers should review their eligibility by visiting the IRS website’s Recovery Rebate Credit page. They will find detailed information about the requirements for claiming the credit for the 2020 or 2021 tax years.
How to check the status of your payment
Although the “Get My Payment” app is no longer available, you can securely access your online IRS account to view the status of previous payments. The tax records section contains information on the amounts received in the three rounds of Economic Impact Payments.
If you’re not sure if you received all of the required payments, this tool can help you confirm and resolve any discrepancies. If you still have questions, the IRS provides assistance through its customer service lines.
The economic impact of these checks
For many families, this $1,400 check represents significant relief from the financial challenges of the previous years. This money can be used to meet basic needs, repay debts, or save for the future.
The IRS’s decision to issue these payments automatically is intended to ensure that all eligible taxpayers receive the assistance they deserve without having to go through complicated bureaucratic procedures.
The $1,400 IRS stimulus check is intended to close economic gaps created during the pandemic. Thanks to this effort, one million people will be able to receive financial assistance that they did not previously have. If you believe you may be eligible, review the available information on the IRS page and ensure that you understand the process.
This automatic payment not only provides immediate relief to many families, but it also serves as a reminder of the importance of keeping your tax information up to date and alert for potential opportunities in the future.
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