For what could be the first time in your life, the Internal Revenue Service (IRS) may be about to send you an unexpected Christmas present.
The IRS is currently issuing payments of up to $1,400 to about one million taxpayers who qualified for COVID-19 stimulus checks in 2021.
The agency is sending these payments to individuals who failed to claim their checks, which are otherwise known as Recovery Rebate Credit.
This credit, which was initially designed to be claimed directly by taxpayers, provided a way for people to access missed Economic Impact Payments (or stimulus checks).
However, you should now be able to claim the money you are entitled to.
“Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible,” IRS Commissioner Danny Werfel said in a press release.
“To minimize headaches and get this money to eligible taxpayers, we’re making these payments automatic, meaning these people will not be required to go through the extensive process of filing an amended return to receive it.”
You should be eligible for this stimulus check if you meet the following criteria:
Single filers: Those with a 2021 adjusted gross income