Good news for taxpayers who missed the Recovery Rebate Credit in 2021! If you didn’t claim this credit when filing your 2021 tax return, the IRS is stepping in to make things easier for you. Eligible individuals can expect a stimulus payment by the end of January 2025 without having to lift a finger!
This ambition is part of the IRS’s effort to simplify the process for taxpayers. IRS Commissioner Danny Werfel said, “Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible.”
By making these payments automatic the IRS is ensuring more people get the money they’re entitled to without the hassle of filing amended returns. So, if you think you might be eligible here’s everything you need to know.
Table of Contents
Key details about the 2021 stimulus check
| Topic | Details |
| Maximum Payment Amount | $1,400 per eligible individual |
| Total Nationwide Payment Pool | $2.4 billion |
| Delivery Method | Direct deposit or paper check |
| Deadline to File (If Needed) | April 15, 2025 (for 2021 tax return filers) |
| Expected Arrival Date | By late January 2025 |
What is the Recovery Rebate Credit?
The Recovery Rebate Credit was created to help people who missed out on their stimulus checks also called Economic Impact Payments during the pandemic. If you didn’t receive one or more payments, this credit gives you a chance to claim that money.
Here’s how it works.
If you filed your 2021 tax return but left the Recovery Rebate Credit section blank or mistakenly entered $0 you might be eligible for a payment. The IRS is using this information to identify taxpayers who qualify for the credit.
How much money can you get?
The amount varies for each person, but the maximum payment is $1,400. The IRS has allocated a total of $2.4 billion for these payments, so there’s a lot of help to go around.
While you’re waiting for your payment consider staying updated on related programs. For example, if you’re wondering about changes in other benefits, take a look at our guide on PATH Act Refund Dates in 2025.
How will you receive your payment?
The best part is you don’t need to do anything. The IRS is automatically sending these payments to eligible individuals.
- Direct Deposit: If you included your bank account details on your 2023 tax return your payment will likely arrive there.
- Paper Checks: If you didn’t provide banking information, you’ll receive a check at the address on file.
Most payments should arrive by late January 2025. The IRS will also send a separate letter confirming the payment details, so keep an eye on your mailbox.
What if you didn’t file a 2021 tax return?
If you didn’t file your 2021 tax return there’s still time to claim the Recovery Rebate Credit. You must submit your tax return and claim the credit by April 15, 2025, to qualify.
It’s important to make sure your information with the IRS is up to date. If you’ve recently moved or changed your banking details, notify the IRS right away to avoid delays.
FAQs
1. Can I still qualify if I didn’t file a 2021 tax return?
Yes, you can still qualify. Just file your 2021 tax return and claim the Recovery Rebate Credit by April 15, 2025.
2. How will I know if the IRS is sending me a payment?
The IRS will send a letter to inform you about your eligibility and payment details.
3. What if I moved or changed my bank account?
Update your address or banking details with the IRS to ensure your payment arrives without delays.
The final words
The Recovery Rebate Credit payments are a great way for eligible taxpayers to get the money they missed out on in 2021. With the IRS taking care of the process, there’s no need to stress about paperwork or deadlines. Just sit back and watch for your direct deposit or check to arrive soon!
If you think you might qualify but haven’t filed your 2021 tax return yet, don’t wait—file by April 15, 2025, to claim your credit.