IRS Announces $1,400 Rebate for 1 Million Taxpayers
Key Details of the IRS Rebate
The IRS has announced that approximately 1 million taxpayers will receive a rebate of up to $1,400 in the upcoming weeks. This rebate is primarily for taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns.
Automatic payments are scheduled to be issued in December and will continue through January. The IRS identified these eligible taxpayers through careful review of their data, ensuring that many who filed a return but missed the credit will benefit from this rebate.
Notification Process
Taxpayers will not have to perform any additional steps to receive their rebate. Payments will be directly deposited into their bank accounts or sent via paper check to their address of record. A letter will inform taxpayers about the payment.
- Expected total payout: $2.4 billion
- Payment amount varies up to $1,400
- Eligibility extends to those who file 2021 returns by April 15, 2025
IRS Commissioner Danny Werfel emphasized that these payments reflect the agency's dedication to assisting taxpayers, highlighting their commitment to improved service.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.