The IRS is issuing automatic stimulus payments to eligible individuals who missed out on claiming the Recovery Rebate Credit on their 2021 tax returns.

In a significant move, the IRS is set to distribute $1,400 stimulus checks to eligible individuals who missed out on claiming their Recovery Rebate Credit. This initiative aims to reach over a million taxpayers who were eligible but did not receive the third stimulus payment during the COVID-19 pandemic.

The IRS announced eligible U.S. taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax return will soon receive a stimulus check.

According to a press release from the IRS, about $2.4 billion was expected to be distributed in December, and in most cases, the payments would arrive by late January 2025 to the bank account listed on the taxpayer’s 2023 tax return or to the address on record.

The IRS announced a $1,400 stimulus check for one million eligible individuals. Discover who qualifies and how these payments will be distributed.