Didn’t receive your 2021 stimulus check? The IRS is mailing out $2.4 billion worth: check Eligibility

Texans who did not get a stimulus check under the Recovery Rebate Credit in 2021 may receive a surprise deposit. The Internal Revenue Service has stated that one million individuals who failed to declare them on their 2021 tax forms will get compensation later this month. The IRS said the decision was made after evaluating internal data that revealed eligible individuals who submitted a return did not claim the credit. The Recovery Rebate Credit is a “refundable credit to people who were denied one or more Economic Impact Payments (EIP), also known as stimulus payments,” according to the IRS. 

What do I need to do to get a stimulus check?

According to the IRS, qualified taxpayers do not need to do anything to receive stimulus funds, issued automatically in December and should come by late January this year. According to the IRS, taxpayers will be compensated by direct deposit or physical check. The payment will be transferred directly into the bank account shown on the qualified person’s 2023 tax return or mailed to the address on record.

How can I find out whether I’m qualified for the stimulus payment?

Eligible taxpayers will get a second letter informing them of the upcoming stimulus cash. In addition to the reminder letters, taxpayers can review their 2021 tax returns to check if they left the Recover Rebate Credit box blank or filled it out with $0. The IRS defines persons who receive the payment as “taxpayers for whom IRS data indicates qualification for the credit.” Stimulus payouts may vary, but according to the IRS, each eligible taxpayer can get up to $1,400. According to the revenue service, the expected amount distributed countrywide is $2.4 billion.

What if I did not file my 2021 tax return?

Those who did not submit a 2021 tax return may still be eligible for the stimulus check if they file their 2021 return and claim the Recovery Rebate Credit before April 15, 2025, the IRS stated. “Eligible taxpayers who did not file must file a tax return to claim a Recovery Rebate Credit, even if their income from a job, business or other income was low or non-existent,” according to the Internal Revenue Service.