IRS Issues $600 Direct Deposits: Who Qualifies and How to Get Yours

The IRS has announced that eligible taxpayers will receive $600 direct deposit checks starting in January 2025. These payments are aimed at individuals who may have missed out on earlier stimulus programs or unclaimed credits like the Recovery Rebate Credit. Here’s everything you need to know about eligibility requirements, payment timelines, and how to ensure you receive your funds.

Who Qualifies for the $600 Payment?

To receive the payment, you need to meet specific criteria:

1. Filed a 2021 Tax Return
   • This payment applies to those who filed a tax return for the year 2021 but missed claiming the Recovery Rebate Credit or other stimulus benefits.
2. Income Limits
   • For single filers, the Adjusted Gross Income (AGI) limit is $75,000 or less.
   • For married couples filing jointly, the AGI limit is $150,000 or less.
   • Reduced payments are available for those earning slightly above these thresholds.
3. Not a Dependent
   • You must not have been claimed as a dependent on someone else’s tax return for 2021.

How and When Will Payments Be Sent?

The IRS will automatically issue the $600 payments to eligible taxpayers:

• Direct Deposit: Payments will be deposited into the bank account linked to your 2021 tax return.
• Paper Check: If no direct deposit details are on file, the payment will be sent via check to your address on record.

Payments are expected to begin processing in early January, with most recipients receiving their funds by the end of January 2025.

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

If you haven’t yet filed a 2021 tax return but think you may qualify:

• File Now: You have until April 15, 2025, to file a 2021 tax return and claim the Recovery Rebate Credit.
• No Income? No Problem: Even if you had little or no income in 2021, you can still file to ensure you receive any stimulus funds you’re entitled to.

How to Check Your Payment Status

1. IRS Online Tool: Visit the IRS’s Get My Payment tool to track the status of your check.
2. Notification Letter: The IRS will send a letter confirming your payment amount and method of delivery.

Why This Payment Matters

This $600 direct deposit check is part of the government’s effort to provide financial relief to eligible individuals who missed earlier stimulus payments. It offers a vital boost to help families and individuals manage their expenses.

If you believe you qualify, act quickly to file your 2021 return or check your payment status with the IRS to avoid missing out.