01/24/2025

IRS Stimulus Check 2025 Update

Final payments are trickling in this month, according to the agency

The Internal Revenue Service (IRS) announced last month that automatic payments are being sent to roughly one million taxpayers who did not claim the 2021 Recovery Rebate Credit on their tax returns.

These payments, according to the IRS, were expected to be disbursed throughout December and arrive by late January 2025 "in most cases," meaning most eligible recipients should receive them by this week or next at the latest.

Why are these payments being distributed?

The Recovery Rebate Credit was created to provide financial support during the COVID-19 pandemic for individuals who missed or did not receive the full amount of their Economic Impact Payments, commonly known as stimulus checks.

Please select this link to read the complete article from Fast Company.