The IRS is sending out special payments to millions of Americans in early 2025, and you could be one of them! While these payments are not part of a new round of stimulus checks, they are meant to help those who missed out on full stimulus benefits during the pandemic. If you didn’t receive the complete amount from the three rounds of payments earlier, you may be getting some extra money this year.
A total of $2.4 billion will be paid out, with the maximum payout being $1,400 per person. These payments started being sent out in December 2024 and will continue through January 2025. If you are eligible, there’s no need to file a special tax return or go through complicated paperwork. The IRS is making the process easy by sending payments automatically to those who missed out on the full amount earlier.
Who Will Get the Payments?
The IRS is focusing on people who didn’t receive all of their federal stimulus money during the pandemic. You may be eligible for these special payments if you missed some of your stimulus checks, which were sent out during the pandemic in 2020 and 2021.
To make things easy for everyone, the IRS is not asking people to file amended tax returns. Instead, they are sending the money automatically to eligible people. If you qualify, you’ll receive either a check in the mail or a direct deposit. Keep an eye on your mailbox and bank account for the payment.
When Will the Payments Be Sent?
The payments started going out in December 2024, and most people will receive theirs by the end of January 2025. The IRS is working quickly to make sure everyone gets their share of the money. If you’re eligible, you will get a letter from the IRS to let you know that the payment is coming.
The total payout of $2.4 billion will be split among the people who didn’t get all their stimulus money earlier. The payments will vary from person to person, but the maximum amount one can receive is $1,400.
How Will You Know If You’re Getting a Payment?
If you’re wondering whether you’re one of the lucky people getting this special payment, the IRS will send you a letter to confirm that the money is on its way. It’s important to watch for any communication from the IRS, as it will tell you how much you’ll be receiving and when to expect it.
You don’t need to do anything special to claim this payment. The IRS has already identified who is eligible, and they’re sending out payments automatically. Just make sure your contact information, like your address and bank account details, is up to date.
What Should You Do if You Think You Didn’t Get All of Your Stimulus Money?
If you believe you didn’t receive the full amount of your previous stimulus checks, there’s a good chance that you’re eligible for this new round of payments. Be sure to check your mail and bank account regularly for updates from the IRS.
If you didn’t get the full payment earlier and didn’t receive a letter from the IRS, you might need to contact the IRS for clarification. But for most people, the process is simple, and the payments will be automatically sent without any extra effort needed on your part.
Final Thoughts
The IRS is doing its part to ensure that millions of Americans who missed out on full stimulus benefits during the pandemic get the money they deserve. Whether it’s a direct deposit or a check in the mail, keep an eye out for your payment. The maximum you can receive is $1,400, and it could be a great help to many families and individuals across the country.
