Unclaimed IRS Stimulus Checks: Don’t Let $2.4 Billion Slip Through Your Fingers!
The IRS is preparing to distribute unclaimed stimulus checks worth up to $1,400 to nearly 1 million taxpayers who missed out on the Recovery Rebate Credit. These payments, totaling a staggering $2.4 billion, are just sitting there, waiting—but only if you claimed them on your 2021 tax return. Here’s everything you need to know about these unclaimed stimulus checks and how to claim your share before it’s too late.
What Are These Unclaimed Stimulus Checks?
This is your money—plain and simple. The Recovery Rebate Credit is a refundable tax credit for individuals who didn’t receive their full stimulus payments during the pandemic. The IRS has identified millions of taxpayers who either overlooked the credit or made errors on their 2021 returns, leaving $2.4 billion unclaimed. Don’t be one of them.
Who’s Eligible?
You may qualify if:
- You filed your 2021 taxes but forgot to claim the Recovery Rebate Credit.
- You were eligible for the third stimulus check in 2021 but never received it.
- You have a valid Social Security number and are not listed as someone else’s dependent.
Even if you didn’t file a 2021 tax return, you can still claim this money—but you must act before April 15, 2025. The IRS allows low-income earners to file and claim this credit, so don’t hesitate.
How Much Could You Receive?
You can get up to $1,400 per person, plus an additional $1,400 for each dependent. However, your adjusted gross income (AGI) determines your eligibility. The credit phases out if your income exceeds these thresholds:
- Single filers: $75,000 to $80,000
- Married couples filing jointly: $150,000 to $160,000
- Heads of household: $112,500 to $120,000
How Will the IRS Deliver the Money?
The IRS will deposit the funds directly into the bank account listed on your 2023 tax return. If your account is closed, they’ll send you a check by mail. You’ll also receive a letter detailing the payment amount and the reason for the credit.
What Should You Do Now?
If you’ve already filed your 2021 tax return, the IRS will handle everything. But if you haven’t, it’s crucial to file before April 15, 2025, to secure your money. The IRS offers free tools like Free File and Direct File, so there’s no reason to delay.
Why Is the IRS Doing This?
The IRS identified nearly 1 million people who missed out on money they’re owed. According to IRS Commissioner Danny Werfel, the goal is to simplify the process and ensure no one is left behind. Bottom line: this is your money—don’t let it go unclaimed.
Key Deadlines to Remember
- Payments will start rolling out in December 2024, with most being issued by late January 2025.
- The final deadline to file your 2021 return and claim the credit is April 15, 2025.
Final Warning
The IRS is distributing $2.4 billion. If you think you’re eligible, monitor your bank account or mailbox closely. And if you haven’t filed your 2021 taxes, don’t procrastinate—this is your chance to claim what’s rightfully yours.
Don’t let this opportunity slip away. Visit the IRS website or consult a tax professional to ensure you receive the money you deserve.